WD Rutherford LLC Acquires Shares of 8,466 American Electric Power Company, Inc. $AEP

WD Rutherford LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,466 shares of the company’s stock, valued at approximately $1,110,000.

Several other hedge funds have also recently modified their holdings of the company. Essex Financial Services Inc. lifted its holdings in American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after acquiring an additional 75 shares during the period. IFM Investors Pty Ltd grew its stake in American Electric Power by 20.5% in the 1st quarter. IFM Investors Pty Ltd now owns 147,783 shares of the company’s stock valued at $19,371,000 after purchasing an additional 25,100 shares during the period. Rexford Capital Inc. grew its stake in American Electric Power by 4.7% in the 1st quarter. Rexford Capital Inc. now owns 5,386 shares of the company’s stock valued at $706,000 after purchasing an additional 243 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of American Electric Power during the 1st quarter valued at $324,000. Finally, First Pacific Financial raised its stake in shares of American Electric Power by 1.9% during the 1st quarter. First Pacific Financial now owns 34,607 shares of the company’s stock worth $4,536,000 after purchasing an additional 656 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEP. Mizuho increased their price target on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group raised their price target on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Evercore lifted their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Barclays boosted their price objective on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, TD Cowen increased their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $141.38.

American Electric Power Stock Down 1.3%

AEP stock opened at $135.05 on Thursday. The company’s 50 day moving average is $130.94 and its 200 day moving average is $126.99. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. 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 Company, Inc. has a 1-year low of $102.39 and a 1-year high of $139.44.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (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 business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $1.54 earnings per share. American Electric Power’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.

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.