American Electric Power Company, Inc. $AEP Shares Acquired by Energy Income Partners LLC

Energy Income Partners LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 14.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 910,078 shares of the company’s stock after buying an additional 117,525 shares during the period. American Electric Power accounts for approximately 1.9% of Energy Income Partners LLC’s holdings, making the stock its 14th biggest position. Energy Income Partners LLC’s holdings in American Electric Power were worth $119,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. Essex Financial Services Inc. boosted its stake in American Electric Power by 0.9% in the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares during the period. Cornerstone Advisory LLC raised its position in shares of American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after purchasing an additional 75 shares during the period. Financial Enhancement Group LLC lifted its holdings in shares of American Electric Power by 3.3% in the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after purchasing an additional 76 shares during the last quarter. J2 Capital Management Inc lifted its holdings in shares of American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after purchasing an additional 79 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in American Electric Power by 2.9% during the 1st quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock valued at $381,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AEP. Barclays increased their target price on American Electric Power from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Truist Financial boosted their price target on shares of American Electric Power from $145.00 to $146.00 and gave the company a “buy” rating in a report on Friday, July 17th. Wells Fargo & Company upped their price target on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Finally, LADENBURG THALM/SH SH cut their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.71.

American Electric Power Stock Down 1.4%

AEP opened at $133.59 on Tuesday. The stock’s 50 day moving average price is $131.81 and its 200 day moving average price is $129.46. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market cap of $72.69 billion, a P/E ratio of 19.62, a P/E/G ratio of 2.43 and a beta of 0.52. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’s quarterly revenue 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. As a group, research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s dividend payout ratio is presently 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.