LPL Financial LLC Sells 64,628 Shares of American Electric Power Company, Inc. $AEP

LPL Financial LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,272,518 shares of the company’s stock after selling 64,628 shares during the period. LPL Financial LLC’s holdings in American Electric Power were worth $146,734,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEP. Victory Capital Management Inc. boosted its holdings in American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after acquiring an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP boosted its holdings in American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after acquiring an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in American Electric Power by 357.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after acquiring an additional 1,529,662 shares during the last quarter. AQR Capital Management LLC boosted its holdings in American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of AEP opened at $128.53 on Thursday. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The business’s 50 day moving average price is $131.38 and its two-hundred day moving average price is $125.59. The firm has a market cap of $69.93 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is presently 55.80%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AEP shares. UBS Group upped their target price on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price target on shares of American Electric Power in a research note on Friday, February 20th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research note on Friday, February 13th. Finally, Wells Fargo & Company boosted their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.10.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.