Texas Capital Bank Wealth Management Services Inc acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 4,741 shares of the company’s stock, valued at approximately $547,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after buying an additional 83,285 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $711,000. Key Financial Inc lifted its stake in shares of American Electric Power by 6.7% during the fourth quarter. Key Financial Inc now owns 1,444 shares of the company’s stock worth $167,000 after buying an additional 91 shares during the period. Flputnam Investment Management Co. lifted its stake in shares of American Electric Power by 1.1% during the fourth quarter. Flputnam Investment Management Co. now owns 19,562 shares of the company’s stock worth $2,256,000 after buying an additional 205 shares during the period. Finally, M3 Wealth Management LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $896,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on AEP shares. JPMorgan Chase & Co. lowered their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Raymond James Financial reiterated an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research note on Friday, February 13th. UBS Group lifted their price objective on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.24.
American Electric Power Trading Down 1.4%
Shares of American Electric Power stock opened at $127.76 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a fifty day moving average price of $131.71 and a 200 day moving average price of $125.29. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The stock has a market cap of $69.51 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56.
American Electric Power (NASDAQ:AEP – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the company posted $1.54 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.
American Electric Power Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.
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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