Gateway Wealth Partners LLC Boosts Stock Position in American Electric Power Company, Inc. $AEP

Gateway Wealth Partners LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 162.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,335 shares of the company’s stock after buying an additional 6,390 shares during the quarter. Gateway Wealth Partners LLC’s holdings in American Electric Power were worth $1,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Soroban Capital Partners LP grew its holdings in 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 acquiring an additional 2,555,415 shares during the period. State Street Corp raised its position in shares of 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 purchasing an additional 1,514,865 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of American Electric Power by 118.2% during the third 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 last quarter. Victory Capital Management Inc. raised its stake in American Electric Power by 17.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,316,688 shares of the company’s stock valued at $728,378,000 after purchasing an additional 937,346 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of American Electric Power by 374.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,174,903 shares of the company’s stock worth $135,479,000 after buying an additional 927,095 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $133.02 on Wednesday. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The company has a 50-day simple moving average of $131.89 and a 200-day simple moving average of $129.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $72.38 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.40 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its 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 for the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the business posted $1.54 EPS. The company’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. On average, analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s payout ratio is presently 55.80%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AEP shares. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Citigroup increased their price objective on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Mizuho lifted their target price on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial boosted their price target on shares of American Electric Power from $145.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.71.

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.