Godsey & Gibb Inc. Buys 4,522 Shares of American Electric Power Company, Inc. $AEP

Godsey & Gibb Inc. boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,706 shares of the company’s stock after acquiring an additional 4,522 shares during the quarter. American Electric Power comprises about 1.6% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 26th biggest position. Godsey & Gibb Inc.’s holdings in American Electric Power were worth $23,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC lifted its stake in shares of American Electric Power by 100.0% in 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 during the last quarter. Union Savings Bank purchased a new position in shares of American Electric Power in the 4th quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its position in shares of American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of American Electric Power during the 2nd quarter valued at approximately $27,000. Finally, Caitlin John LLC bought a new position in shares of American Electric Power during the 2nd quarter valued at approximately $27,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Electric Power

In related news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. The trade was a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AEP shares. KeyCorp upgraded American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 price target on the stock in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Barclays dropped their price objective on shares of American Electric Power from $129.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday. Citigroup cut their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, LADENBURG THALM/SH SH reduced their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.91.

Key Stories Impacting American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: Google signs 20-year power agreement: AEP plans to invest approximately $4 billion in a 702-megawatt Wyoming fuel-cell project under a long-term power purchase agreement with Google. The contract provides a large, committed customer for the project and improves visibility into future cash flows. Google signs 20-year PPA with AEP for 702MW Wyoming fuel cell project
• Positive Sentiment: Large demand pipeline could drive earnings: Analysts and bullish investors point to AEP’s reported 56-gigawatt demand pipeline, particularly from data centers, as a potential source of multi-year rate-base and earnings growth. AEP demand pipeline analysis
• Positive Sentiment: Additional generation capacity: AEP reached an agreement with Mainspring Energy for up to 1.6 gigawatts of mobile generation capacity. The units could help AEP bring power online faster to serve customers while longer-term infrastructure is developed. Mainspring Energy agreement with AEP
• Positive Sentiment: Federal grid support: AEP may secure up to $3.26 billion in federal funding to modernize its Texas grid, potentially reducing the burden of infrastructure investment and supporting regulated-utility growth. AEP Texas grid funding
• Positive Sentiment: Analyst upgrade: KeyBanc upgraded AEP to Overweight from Sector Weight, adding to the favorable view of the company’s demand outlook. KeyBanc upgrades AEP

American Electric Power Stock Up 0.4%

Shares of NASDAQ AEP opened at $126.13 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company has a market cap of $68.67 billion, a P/E ratio of 21.63, a PEG ratio of 2.66 and a beta of 0.48. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58. The firm has a 50-day simple moving average of $122.63 and a two-hundred day simple moving average of $128.67.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts anticipate that American Electric Power Company, Inc. will post 6.38 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

About American Electric Power

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.