Leo Wealth LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,320 shares of the company’s stock, valued at approximately $750,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Apollon Wealth Management LLC increased its position in shares of American Electric Power by 9.7% during the third quarter. Apollon Wealth Management LLC now owns 33,145 shares of the company’s stock valued at $3,932,000 after acquiring an additional 2,944 shares during the last quarter. Hilton Head Capital Partners LLC raised its stake in shares of American Electric Power by 3.9% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 2,121 shares of the company’s stock valued at $252,000 after acquiring an additional 80 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of American Electric Power by 14.2% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 18,976 shares of the company’s stock valued at $2,251,000 after acquiring an additional 2,356 shares during the period. Sigma Planning Corp lifted its holdings in shares of American Electric Power by 9.8% in the 3rd quarter. Sigma Planning Corp now owns 19,860 shares of the company’s stock worth $2,356,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Paladin Wealth LLC lifted its holdings in shares of American Electric Power by 88.5% in the 3rd quarter. Paladin Wealth LLC now owns 2,803 shares of the company’s stock worth $333,000 after acquiring an additional 1,316 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AEP has been the subject of a number of research analyst reports. KeyCorp raised shares of American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 price objective for the company in a research report on Monday, October 12th. UBS Group set a $135.00 target price on American Electric Power in a research report on Monday, October 19th. BMO Capital Markets decreased their price target on American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a research note on Monday, October 19th. JPMorgan Chase & Co. lowered their price target on American Electric Power from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Finally, BTIG Research upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Tuesday, October 20th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average price target of $138.70.
Read Our Latest Report on American Electric Power
American Electric Power Stock Down 0.4%
Shares of NASDAQ:AEP opened at $129.22 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 firm has a market capitalization of $70.35 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48. The firm’s 50-day moving average is $123.08 and its two-hundred day moving average is $127.66. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts predict that American Electric Power Company, Inc. will post 6.40 EPS for the current year.
American Electric Power Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, November 10th. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.
Insider Buying and Selling
In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares of the company’s stock, valued at $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.
American Electric Power Profile
American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.
AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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