8,013 American Electric Power Company, Inc. $AEP Shares Sold by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors cut its AEP position by 9.8%, selling 8,013 shares during the third quarter and retaining 73,706 shares valued at approximately $8.74 million.
• American Electric Power reported quarterly EPS of $2.23, beating estimates of $2.04, while revenue rose 13.7% year over year to $6.83 billion.
• AEP increased its quarterly dividend from $0.95 to $0.97 per share, equivalent to an annualized $3.88 payout and a roughly 3.0% yield; institutional investors own 75.24% of the stock.

Soltis Investment Advisors LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,706 shares of the company's stock after selling 8,013 shares during the quarter. Soltis Investment Advisors LLC's holdings in American Electric Power were worth $8,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEP. United Asset Strategies Inc. grew its holdings in American Electric Power by 3.2% during the 3rd quarter. United Asset Strategies Inc. now owns 2,678 shares of the company's stock worth $318,000 after acquiring an additional 82 shares during the period. Choreo LLC lifted its stake in shares of American Electric Power by 10.0% in the 3rd quarter. Choreo LLC now owns 23,418 shares of the company's stock valued at $2,778,000 after purchasing an additional 2,132 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in shares of American Electric Power by 12.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 18,345 shares of the company's stock valued at $2,189,000 after purchasing an additional 1,962 shares during the period. Redmond Asset Management LLC lifted its stake in shares of American Electric Power by 12.0% in the 3rd quarter. Redmond Asset Management LLC now owns 4,466 shares of the company's stock valued at $530,000 after purchasing an additional 478 shares during the period. Finally, North Dakota State Investment Board boosted its position in shares of American Electric Power by 4.9% during the 3rd quarter. North Dakota State Investment Board now owns 16,685 shares of the company's stock valued at $1,980,000 after purchasing an additional 776 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Price Performance

AEP stock opened at $129.34 on Friday. The stock has a market capitalization of $70.41 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.48. The company's 50-day moving average is $123.26 and its 200-day moving average is $127.86. 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 Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.19. American Electric Power had a return on equity of 10.62% and a net margin of 14.21%. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the company posted $1.80 EPS. The firm's revenue was up 13.7% compared to the same quarter last year. Equities research analysts expect that American Electric Power Company, Inc. will post 6.40 EPS for the current fiscal year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. This is a boost from American Electric Power's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Tuesday, November 10th. American Electric Power's payout ratio is 65.18%.

Key Stories Impacting American Electric Power

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

• Positive Sentiment: AEP reported third-quarter operating earnings of $2.23 per share, above the $2.04 consensus estimate and up from $1.80 a year earlier. Revenue increased 13.7% year over year to $6.83 billion, also exceeding expectations. Management expects 2026 operating EPS to reach at least the high end of its $6.25-$6.55 forecast. AEP Reports Third-Quarter 2026 Earnings, Expands Capital Plan and Increases Growth Outlook
• Positive Sentiment: The utility announced a $100 billion five-year capital plan, approximately 30% larger than its prior plan, focused on generation and transmission capacity. AEP projects a 13% or greater rate-base compound annual growth rate through 2031 and raised its long-term operating EPS growth target to 9%-11% for 2027-2031. AEP Increases Investment Plan 30% on Generation, Transmission Spending
• Positive Sentiment: Demand from data centers and other large customers is supporting the investment case. AEP cited 84 gigawatts of contracted load and said large-load agreements could provide up to $21 billion in fixed-cost offsets for residential customers, potentially improving affordability and regulatory support. AEP Q3 Earnings Call Highlights Growth Outlook and $100B Capital Plan
• Positive Sentiment: Wells Fargo raised its price target to $149 while maintaining an overweight rating, and BMO increased its target to $137, signaling improved analyst expectations. Jacobs was also selected to support AEP’s transmission modernization program. BMO Capital Adjusts American Electric Power Price Target
• Negative Sentiment: Despite the positive outlook, analysts noted tightening margins, while Mizuho reiterated a neutral rating. The expanded capital program may also increase financing, execution and regulatory risks before the projected rate-base growth translates into earnings. American Electric Power Stock Shrugs Off Q3 Earnings as Margins Tighten

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEP. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a research note on Thursday, August 27th. Truist Financial lowered their target price on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a report on Monday, August 17th. Jefferies Financial Group dropped their price target on American Electric Power from $148.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, October 22nd. Barclays cut their price target on American Electric Power from $129.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, October 12th. Finally, KeyCorp raised shares of American Electric Power from a "sector weight" rating to an "overweight" rating and set a $133.00 price objective for the company in a research report on Monday, October 12th. Sixteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, American Electric Power has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Insider Activity at American Electric Power

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

About American Electric Power

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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