Texas Capital Bank Wealth Management Services Inc Makes New Investment in American Electric Power Company, Inc. $AEP

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,741 shares of the company’s stock, valued at approximately $547,000.

A number of other institutional investors have also modified their holdings of AEP. Brighton Jones LLC increased its position in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares during the period. Acadian Asset Management LLC purchased a new position in shares of American Electric Power during the first quarter worth approximately $320,000. Sivia Capital Partners LLC increased its position in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after acquiring an additional 2,931 shares during the period. Gamco Investors INC. ET AL increased its position in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after acquiring an additional 105 shares during the period. Finally, AXA S.A. increased its position in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after acquiring an additional 38,684 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Down 1.4%

NASDAQ:AEP opened at $127.76 on Friday. American Electric Power Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The firm has a 50 day moving average of $131.71 and a 200 day moving average of $125.29. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $69.51 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.58 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. American Electric Power’s revenue for the quarter 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. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s dividend payout ratio is presently 55.80%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEP. TD Cowen increased their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Raymond James Financial reiterated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Morgan Stanley lowered their price target on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

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.