Elemental Capital Partners LLC Buys Shares of 8,627 American Electric Power Company, Inc. $AEP

Elemental Capital Partners LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 8,627 shares of the company’s stock, valued at approximately $1,131,000. American Electric Power makes up about 0.5% of Elemental Capital Partners LLC’s portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in AEP. Activest Wealth Management increased its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. Optima Capital LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at about $26,000. Rakuten Securities Inc. grew its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. Legacy Wealth Managment LLC ID increased 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 worth $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 4th quarter worth approximately $27,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 2.6%

Shares of NASDAQ AEP opened at $138.51 on Friday. The firm has a market cap of $75.36 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a 1 year low of $102.39 and a 1 year high of $139.44. The firm’s 50 day moving average price is $131.07 and its 200 day moving average price is $127.17.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $1.54 EPS. American Electric Power’s 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, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 yield of 2.7%. American Electric Power’s dividend payout ratio is 55.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AEP shares. UBS Group upped their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. BMO Capital Markets cut their price target on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price objective 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. Scotiabank increased their price objective on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Mizuho lifted their price objective on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.38.

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.