Corient Private Wealth LP Decreases Position in American Electric Power Company, Inc. $AEP

Key Points

• Corient Private Wealth LP reduced its American Electric Power stake by 20.9% in the second quarter, selling 34,637 shares and retaining 131,046 shares valued at approximately $17.9 million. Institutional investors collectively own 75.24% of AEP.
• AEP reported quarterly EPS of $1.36, below the $1.48 analyst consensus, although revenue reached $5.45 billion and rose 7% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.25 to $6.55.
• The utility paid a quarterly dividend of $0.95 per share, equivalent to an annualized $3.80 dividend and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.19.

Corient Private Wealth LP trimmed its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 20.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,046 shares of the company's stock after selling 34,637 shares during the period. Corient Private Wealth LP's holdings in American Electric Power were worth $17,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in American Electric Power by 13,905.1% during the second quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company's stock valued at $11,844,009,000 after acquiring an additional 85,954,533 shares during the last quarter. BlackRock Inc. bought a new stake in shares of American Electric Power in the 2nd quarter worth about $6,980,601,000. Wellington Management Group LLP lifted its holdings in shares of American Electric Power by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company's stock worth $1,897,829,000 after acquiring an additional 715,613 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of American Electric Power by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company's stock worth $1,587,841,000 after purchasing an additional 83,285 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of American Electric Power during the 2nd quarter worth about $1,678,638,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of AEP stock opened at $122.23 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company 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's 50-day simple moving average is $127.70 and its two-hundred day simple moving average is $130.30. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued 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 company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 6.38 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced 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 of this dividend was Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power's payout ratio is 65.18%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. LADENBURG THALM/SH SH reduced 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. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Thursday, August 27th. BMO Capital Markets cut their target price on American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Mizuho reduced their price target on American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Finally, Citigroup decreased their price target on American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.19.

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was 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 approximately $1,982,000. This represents a 11.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

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.

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