Worthington Financial Partners LLC Invests $452,000 in American Electric Power Company, Inc. $AEP

Worthington Financial Partners LLC acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,917 shares of the company’s stock, valued at approximately $452,000.

Several other hedge funds have also recently bought and sold shares of the company. Czech National Bank grew its stake in shares of American Electric Power by 3.9% in the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after purchasing an additional 5,314 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of American Electric Power during the fourth quarter valued at $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of American Electric Power by 2.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after purchasing an additional 8,302 shares during the period. Cyndeo Wealth Partners LLC raised its stake in shares of American Electric Power by 983.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after purchasing an additional 57,977 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of American Electric Power by 17.7% during the fourth quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after purchasing an additional 9,532 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.0%

Shares of American Electric Power stock opened at $127.73 on Friday. The business has a fifty day simple moving average of $130.83 and a 200-day simple moving average of $125.89. American Electric Power Company, Inc. has a fifty-two week low of $101.11 and a fifty-two week high of $139.44. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last released its 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 firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company earned $1.54 earnings per share. American Electric Power’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEP. Truist Financial decreased their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, April 20th. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley decreased their price objective on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, LADENBURG THALM/SH SH lowered 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 note on Thursday. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.86.

About American Electric Power

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.