Martingale Asset Management L P Sells 4,723 Shares of American Electric Power Company, Inc. $AEP

Martingale Asset Management L P reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 164,802 shares of the company’s stock after selling 4,723 shares during the quarter. Martingale Asset Management L P’s holdings in American Electric Power were worth $19,003,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AEP. Brighton Jones LLC boosted its stake in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at $320,000. Sivia Capital Partners LLC boosted its stake in shares of American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares during the last quarter. Finally, AXA S.A. boosted its stake in shares of American Electric Power by 95.7% in the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AEP. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, April 20th. BMO Capital Markets cut their target price on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Citigroup increased their target price on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their target price on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Raymond James Financial reissued an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

American Electric Power Stock Up 0.6%

American Electric Power stock opened at $129.23 on Friday. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.53. The firm’s fifty day moving average price is $131.28 and its two-hundred day moving average price is $125.67. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the firm earned $1.54 earnings per share. The business’s quarterly 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 research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

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.