Silvant Capital Management LLC Invests $2.28 Million in American Electric Power Company, Inc. $AEP

Silvant Capital Management LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, HoldingsChannel.com reports. The firm bought 16,653 shares of the company’s stock, valued at approximately $2,278,000.

Other institutional investors and hedge funds have also modified their holdings of the company. LaSalle St. Investment Advisors LLC acquired a new position in shares of American Electric Power in the second quarter valued at about $239,000. Ceredex Value Advisors LLC acquired a new stake in American Electric Power in the 2nd quarter worth about $51,516,000. Oxford Financial Group LTD. LLC acquired a new stake in American Electric Power in the 2nd quarter worth about $1,208,000. Portfolio Design Labs LLC bought a new stake in American Electric Power in the 2nd quarter valued at about $372,000. Finally, Ninepoint Partners LP bought a new stake in American Electric Power in the 2nd quarter valued at about $1,592,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $125.70 on Friday. The firm has a 50 day moving average of $131.18 and a 200-day moving average of $130.55. The stock has a market capitalization of $68.43 billion, a PE ratio of 21.56, a PEG ratio of 2.26 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal 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 issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AEP shares. Scotiabank increased their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. BMO Capital Markets cut their price target on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Citigroup reduced their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. LADENBURG THALM/SH SH lowered their price objective on 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. Finally, Jefferies Financial Group lifted their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.38.

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.