Capital Innovations LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 26,592 shares of the company’s stock, valued at approximately $3,066,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Activest Wealth Management increased its position in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Dogwood Wealth Management LLC increased its position in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the period. Optima Capital LLC acquired a new position in American Electric Power during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. increased its position in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID increased its position in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AEP. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Argus boosted their target price on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Mizuho boosted their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Monday, April 20th. Finally, Scotiabank boosted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $141.10.
American Electric Power Price Performance
Shares of NASDAQ:AEP opened at $127.11 on Wednesday. The business’s 50 day simple moving average is $131.53 and its 200-day simple moving average is $125.32. The firm has a market capitalization of $69.16 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44.
American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.
American Electric Power Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is 55.80%.
About American Electric Power
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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