American Electric Power Company, Inc. $AEP Stock Position Raised by Courier Capital LLC

Key Points

• Courier Capital nearly doubled its AEP position in the third quarter, increasing its holdings by 93.7% to 29,078 shares valued at approximately $3.45 million. Institutional investors collectively own 75.24% of the utility.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $138.91, although several firms recently lowered their targets. AEP shares recently traded at $125.65, while the company’s latest quarterly earnings missed estimates despite 7% year-over-year revenue growth.
• AEP pays a quarterly dividend of $0.95 per share, equivalent to a 3.0% annualized yield. Its growth outlook includes a potential $4 billion mobile-power agreement and up to $3.26 billion in federal funding for Texas grid modernization, though Barclays’ reduced price target highlights ongoing investor caution.

Courier Capital LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 93.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,078 shares of the company's stock after purchasing an additional 14,064 shares during the period. Courier Capital LLC's holdings in American Electric Power were worth $3,450,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC boosted its stake in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after buying an additional 100 shares during the last quarter. Union Savings Bank purchased a new stake in American Electric Power during the fourth quarter valued at $27,000. Elevation Wealth Partners LLC lifted its holdings in American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after acquiring an additional 105 shares during the period. Parvin Asset Management LLC bought a new position in American Electric Power in the second quarter valued at about $27,000. Finally, Caitlin John LLC purchased a new position in American Electric Power in the second quarter worth about $27,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AEP. Jefferies Financial Group upped their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Mizuho cut their target price on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. TD Cowen reaffirmed a "buy" rating on shares of American Electric Power in a report on Wednesday, September 9th. Truist Financial decreased their price target on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Finally, LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating on the stock in a research note on Thursday, June 18th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $138.91.

American Electric Power Stock Performance

Shares of NASDAQ:AEP traded up $1.42 during mid-day trading on Tuesday, reaching $125.65. 2,360,830 shares of the company traded hands, compared to its average volume of 3,974,323. The company's 50 day moving average price is $122.69 and its 200-day moving average price is $128.71. The firm has a market cap of $68.40 billion, a PE ratio of 21.55, a PEG ratio of 2.60 and a beta of 0.48. American Electric Power Company, Inc. has a 52 week low of $112.54 and a 52 week high of $140.58. 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 - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 6.38 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a dividend of $0.95 per share. The ex-dividend date was Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power's dividend payout ratio (DPR) is 65.18%.

Key American Electric Power News

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

• Positive Sentiment: Large mobile-power agreement supports growth outlook. AEP plans to purchase Mainspring Energy mobile power units in a deal that could reach approximately $4 billion. The transaction is tied to up to 1.6 gigawatts of reliable generating capacity, potentially helping AEP meet rising electricity demand and support large-load customers. AEP to Buy Mobile Power Units in Deal That May Reach $4 Billion
• Positive Sentiment: Federal funding could reduce the burden of Texas grid modernization. AEP reportedly secured access to as much as $3.26 billion in federal funding to modernize its Texas grid. Support of this size could accelerate infrastructure upgrades while limiting the amount AEP must fund independently. AEP Secures Up to $3.26 Billion in Federal Funding
• Neutral Sentiment: Analyst commentary remains mixed. Recent coverage discusses AEP alongside Sempra Energy, while other reports note that AEP gained but underperformed some utility peers. The company’s stock is also about 10.6% below its 12-month high, suggesting investors remain cautious about valuation and execution. Analysts Offer Insights on Utilities Companies
• Negative Sentiment: Barclays lowered its price target. Barclays cut its AEP target from $129 to $120 and maintained an “equal weight” rating, implying limited upside from the recent trading level. The downgrade may weigh on sentiment, particularly as the mobile-generation strategy could require substantial capital spending.

Insider Activity

In related news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 15,856 shares of the company's stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

About American Electric Power

American Electric Power NASDAQ: AEP is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.