American Electric Power Company, Inc. $AEP Stock: Commonwealth Financial Services LLC Lowers Holdings

by · The Markets Daily

Commonwealth Financial Services LLC decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 63.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,535 shares of the company’s stock after selling 12,957 shares during the period. Commonwealth Financial Services LLC’s holdings in American Electric Power were worth $894,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in American Electric Power in the 2nd quarter valued at about $6,980,601,000. Pictet Asset Management Holding SA lifted its holdings in American Electric Power by 43.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,688,208 shares of the company’s stock worth $221,290,000 after purchasing an additional 513,305 shares in the last quarter. Silvant Capital Management LLC bought a new position in American Electric Power in the 2nd quarter worth about $2,278,000. Bellars Harris Wealth Management LLC bought a new stake in shares of American Electric Power during the second quarter valued at about $10,377,000. Finally, Kayne Anderson Capital Advisors LP purchased a new position in American Electric Power during the second quarter valued at approximately $8,448,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 2.3%

NASDAQ:AEP traded up $2.82 on Tuesday, reaching $127.54. 904,500 shares of the stock traded hands, compared to its average volume of 3,955,851. The company’s fifty day simple moving average is $122.67 and its 200 day simple moving average is $128.56. The company has a market capitalization of $69.43 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.63 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 6.39 EPS for the current fiscal year.

More American Electric Power News

Here are the key news stories impacting American Electric Power this week:

  • Positive Sentiment: AEP raised its quarterly dividend by $0.02 to $0.97 per share, payable Dec. 10 to shareholders of record Nov. 10. The increase signals continued confidence in cash-flow generation and enhances the stock’s income appeal. AEP Increases Quarterly Dividend to 97 Cents a Share
  • Positive Sentiment: AEP, Amazon and X-energy agreed to study a proposed 960-megawatt advanced nuclear project in Indiana. Amazon is expected to provide development capital, while the project could support rising electricity demand and expand AEP’s regulated-generation growth opportunities without shifting development costs to customers. AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
  • Neutral Sentiment: The nuclear initiative remains in the feasibility and development stage, so its benefits are long term and depend on regulatory approvals, financing, construction and technology execution. AEP said agreements are intended to protect customers and investors from development risk. American Electric Power, X-Energy Explore Development of Small Modular Reactor Project
  • Neutral Sentiment: AEP is seeking public input on a planned transmission-line upgrade across four Indiana counties. The project could improve grid reliability and accommodate demand growth, but it may also face permitting and community opposition. AEP Transmission Project
  • Negative Sentiment: JPMorgan lowered its AEP price target from $140 to $135 and maintained a neutral rating, implying limited near-term upside from recent trading levels.
  • Negative Sentiment: A separate analysis indicated AEP could be approximately 11% overvalued following the generator-related deal, reinforcing concerns that the stock’s valuation may already reflect some future growth expectations.

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction 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. The trade was a 11.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AEP. Jefferies Financial Group set a $135.00 price target on American Electric Power in a report on Monday. BMO Capital Markets dropped their target price on American Electric Power from $139.00 to $135.00 and set a “market perform” rating for the company in a report on Monday. TD Cowen reissued a “buy” rating on shares of American Electric Power in a report on Wednesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Finally, Citigroup cut their price target on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.87.

Read Our Latest Report on American Electric Power

American Electric Power Company Profile

(Free Report)

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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