Kingsview Wealth Management LLC Invests $3.39 Million in American Electric Power Company, Inc. $AEP

Kingsview Wealth Management LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,755 shares of the company’s stock, valued at approximately $3,387,000.

Other institutional investors also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its position in American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the period. Costello Asset Management INC grew its position in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of American Electric Power during the 2nd quarter worth approximately $27,000. Caitlin John LLC purchased a new stake in shares of American Electric Power during the 2nd quarter worth approximately $27,000. Finally, Activest Wealth Management raised its holdings in shares of American Electric Power by 72.2% in 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. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.3%

Shares of AEP opened at $122.31 on Friday. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The company has a market capitalization of $66.59 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.23 and a beta of 0.52. 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 firm’s 50 day simple moving average is $130.42 and its 200 day simple moving average is $130.57.

American Electric Power (NASDAQ:AEPGet Free Report) last issued 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). The company had revenue of $5.45 billion during 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is presently 65.18%.

Analysts Set New Price Targets

AEP has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Raymond James Financial restated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. Barclays reduced their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Mizuho cut their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, Citigroup decreased their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average price target of $140.19.

View Our Latest Report on American Electric Power

American Electric Power Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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