Kathmere Capital Management LLC Buys New Stake in American Electric Power Company, Inc. $AEP

Kathmere Capital Management LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,744 shares of the company’s stock, valued at approximately $622,000.

A number of other large investors also recently added to or reduced their stakes in AEP. Soroban Capital Partners LP boosted its position in shares of American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after buying an additional 1,529,662 shares during the period. State Street Corp lifted its stake in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after acquiring an additional 1,514,865 shares in the last quarter. AQR Capital Management LLC boosted its holdings in American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the period. Finally, Ameriprise Financial Inc. grew its position in American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. LADENBURG THALM/SH SH cut their price target 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. Barclays lifted their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Mizuho increased their price objective on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets decreased their target price 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. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.38.

American Electric Power Stock Up 1.1%

Shares of American Electric Power stock opened at $137.53 on Wednesday. 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 Company, Inc. has a 52-week low of $102.39 and a 52-week high of $140.58. The company has a market capitalization of $74.83 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.49 and a beta of 0.52. The company has a 50 day moving average of $131.28 and a 200 day moving average of $127.64.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is 55.80%.

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.