Constitution Capital LLC Sells 19,600 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Constitution Capital LLC cut its AEP stake by 47.6% in the second quarter, selling 19,600 shares and retaining 21,545 shares valued at approximately $2.95 million.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $140.71; 13 analysts rate the stock Buy while nine recommend Hold.
• AEP reported quarterly revenue of $5.45 billion, up 7% year over year, but earnings of $1.36 per share missed estimates. The company also declared a quarterly dividend of $0.95 per share, representing a 3.1% yield.

Constitution Capital LLC lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 47.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,545 shares of the company's stock after selling 19,600 shares during the quarter. American Electric Power makes up 1.5% of Constitution Capital LLC's portfolio, making the stock its 20th largest holding. Constitution Capital LLC's holdings in American Electric Power were worth $2,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AEP. Brighton Jones LLC increased its position in American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after buying an additional 1,095 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of American Electric Power in the first quarter worth about $320,000. Sivia Capital Partners LLC lifted its position in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company's stock valued at $507,000 after buying an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company's stock valued at $260,000 after buying an additional 105 shares in the last quarter. Finally, AXA S.A. grew its stake in shares of American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company's stock valued at $8,209,000 after acquiring an additional 38,684 shares during the period. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEP. Scotiabank increased their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Seaport Research Partners upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, April 20th. Jefferies Financial Group increased their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Monday, June 1st. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.71.

American Electric Power Stock Performance

NASDAQ:AEP opened at $122.84 on Tuesday. 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 Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The stock has a 50-day moving average price of $131.53 and a 200 day moving average price of $130.16. The stock has a market capitalization of $66.87 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly 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). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.34 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's payout ratio is 65.18%.

American Electric Power Profile

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.

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