Rithm Capital Corp. Has $1.11 Million Position in American Electric Power Company, Inc. $AEP

Rithm Capital Corp. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 183.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,500 shares of the company’s stock after buying an additional 5,500 shares during the period. American Electric Power comprises approximately 1.7% of Rithm Capital Corp.’s portfolio, making the stock its 22nd biggest position. Rithm Capital Corp.’s holdings in American Electric Power were worth $1,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Activest Wealth Management grew its stake 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 acquired a new stake in shares of American Electric Power during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. boosted its holdings in shares of American Electric Power by 7,300.0% during the fourth 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 holdings in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its position in American Electric Power by 200.0% during the fourth 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. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 1.4%

AEP stock opened at $133.59 on Tuesday. The firm has a market cap of $72.69 billion, a PE ratio of 19.62, a PEG ratio of 2.43 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The company has a fifty day simple moving average of $131.81 and a 200 day simple moving average of $129.46. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio is currently 55.80%.

Analyst Ratings Changes

Several research firms have weighed in on AEP. BMO Capital Markets dropped their price objective on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. 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 report on Monday, April 20th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup increased their price objective on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Mizuho increased their price objective on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.71.

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.