Nations Financial Group Inc. IA ADV Buys 4,718 Shares of American Electric Power Company, Inc. $AEP

Nations Financial Group Inc. IA ADV lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 19.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,411 shares of the company’s stock after purchasing an additional 4,718 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in American Electric Power were worth $3,855,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake 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 valued at $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP grew its position in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after buying an additional 1,529,662 shares during the last quarter. State Street Corp raised its stake in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after buying an additional 1,514,865 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after buying an additional 1,400,547 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. LADENBURG THALM/SH SH lowered their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday. Scotiabank increased their price target on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Mizuho raised their price target on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Argus upped their price objective on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.86.

American Electric Power Stock Up 0.0%

American Electric Power stock opened at $127.73 on Friday. The firm has a market capitalization of $69.50 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.55 and a beta of 0.53. The company’s 50 day simple moving average is $130.83 and its 200 day simple moving average is $125.89. 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 Company, Inc. has a fifty-two week low of $101.11 and a fifty-two week high of $139.44.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 earnings per share. 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 EPS 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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is 55.80%.

American Electric Power 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.