Corient Private Wealth LP Sells 34,637 Shares of American Electric Power Company, Inc. $AEP

Corient Private Wealth LP trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 20.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 131,046 shares of the company’s stock after selling 34,637 shares during the quarter. Corient Private Wealth LP’s holdings in American Electric Power were worth $17,928,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Amundi boosted its position in American Electric Power by 14.2% during the 2nd quarter. Amundi now owns 2,901,661 shares of the company’s stock valued at $396,976,000 after acquiring an additional 360,614 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of American Electric Power in the 2nd quarter worth $43,027,000. California State Teachers Retirement System lifted its stake in shares of American Electric Power by 13,905.1% during the 2nd quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company’s stock worth $11,844,009,000 after purchasing an additional 85,954,533 shares during the last quarter. Greenland Capital Management LP lifted its stake in shares of American Electric Power by 49.5% during the 2nd quarter. Greenland Capital Management LP now owns 76,954 shares of the company’s stock worth $10,528,000 after purchasing an additional 25,477 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in American Electric Power by 6.0% during the second quarter. Wedmont Private Capital now owns 9,370 shares of the company’s stock valued at $1,269,000 after purchasing an additional 530 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of several analyst reports. Morgan Stanley cut their target price on American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Barclays decreased their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a research report on Wednesday, September 9th. LADENBURG THALM/SH SH cut their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Truist Financial reduced their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Insider Buying and Selling

In related news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares in the company, valued at $1,982,000. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

American Electric Power Trading Down 0.9%

Shares of NASDAQ:AEP opened at $122.23 on Tuesday. The business’s 50-day moving average is $127.70 and its 200 day moving average is $130.30. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The firm has a market capitalization of $66.54 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.61 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a $0.95 dividend. The ex-dividend date was Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

American Electric Power Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.