SCP Investment LP Raises Stock Position in American Electric Power Company, Inc. $AEP

SCP Investment LP boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 142.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,800 shares of the company’s stock after acquiring an additional 4,000 shares during the period. SCP Investment LP’s holdings in American Electric Power were worth $784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Activest Wealth Management increased its stake in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. lifted its stake in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Optima Capital LLC purchased a new position in American Electric Power in the 4th quarter valued at about $26,000. Dogwood Wealth Management LLC boosted its holdings in American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Up 2.7%

AEP opened at $127.11 on Wednesday. The firm has a market capitalization of $69.16 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. The company’s 50 day simple moving average is $131.53 and its two-hundred day simple moving average is $125.32. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the business earned $1.54 earnings per share. The business’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. Analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio is presently 55.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AEP. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a report on Friday, February 13th. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, April 20th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a research report on Friday, February 20th. UBS Group increased their price objective on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Finally, Scotiabank lifted their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Company 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.