Western Wealth Management LLC Invests $967,000 in American Electric Power Company, Inc. $AEP

Western Wealth Management LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,070 shares of the company’s stock, valued at approximately $967,000.

Several other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of 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 in the last quarter. Basepoint Wealth LLC bought a new position in shares of American Electric Power during the fourth quarter worth approximately $27,000. Finally, Union Savings Bank acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $27,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial reduced their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Mizuho cut their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Morgan Stanley decreased their price target on American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Finally, Barclays reduced their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.19.

Check Out Our Latest Research Report on AEP

American Electric Power Trading Up 0.6%

Shares of AEP opened at $122.77 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The business’s fifty day moving average is $130.72 and its 200-day moving average is $130.60. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The firm has a market cap of $66.84 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.23 and a beta of 0.52.

American Electric Power (NASDAQ:AEPGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

About American Electric Power

(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.

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

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