Elevation Point Wealth Partners LLC Acquires Shares of 26,893 American Electric Power Company, Inc. $AEP

Elevation Point Wealth Partners LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,893 shares of the company’s stock, valued at approximately $3,679,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Rakuten Securities Inc. lifted its position in 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 buying an additional 219 shares in the last quarter. Costello Asset Management INC boosted its stake in 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 buying an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its stake 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 worth $27,000 after buying an additional 154 shares during the last quarter. Finally, Basepoint Wealth LLC purchased a new stake in American Electric Power in the 4th quarter valued at $27,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEP. TD Cowen raised their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company boosted their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Barclays dropped their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley reduced their target price on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Price Performance

AEP stock opened at $120.94 on Friday. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The stock has a market cap of $65.84 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. The business has a fifty day moving average of $131.01 and a two-hundred day moving average of $130.48.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The business 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 $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio is presently 65.18%.

American Electric Power 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.