Kentucky Farm Bureau Mutual Insurance Co Purchases New Position in American Electric Power Company, Inc. $AEP

Kentucky Farm Bureau Mutual Insurance Co acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company’s stock, valued at approximately $3,420,000.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Rakuten Securities Inc. lifted its position in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Costello Asset Management INC boosted its stake in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its stake in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at about $27,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of AEP opened at $126.27 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The firm’s 50-day simple moving average is $131.23 and its two-hundred day simple moving average is $130.51. The stock has a market cap of $68.74 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Analyst Ratings Changes

AEP has been the subject of a number of research reports. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Mizuho decreased their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. BMO Capital Markets lowered their target price on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Truist Financial reduced their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.38.

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.