MLP3 LLC Invests $1.12 Million in American Electric Power Company, Inc. $AEP

MLP3 LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,735 shares of the company’s stock, valued at approximately $1,123,000. American Electric Power comprises approximately 1.2% of MLP3 LLC’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in AEP. Victory Capital Management Inc. boosted its position in shares of American Electric Power by 105.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP boosted its position in shares of American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after purchasing an additional 1,529,662 shares during the last quarter. State Street Corp boosted its position in shares of American Electric Power by 5.2% in the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after purchasing an additional 1,514,865 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Scotiabank lifted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. 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. Wells Fargo & Company lifted their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Wednesday, March 4th. Finally, UBS Group lifted their target price on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Stock Performance

AEP stock opened at $129.23 on Monday. The firm has a market cap of $70.31 billion, a PE ratio of 18.98, a P/E/G ratio of 2.58 and a beta of 0.53. The business’s 50-day moving average price is $131.28 and its two-hundred day moving average price is $125.70. 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 current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last issued its quarterly 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. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is 55.80%.

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.