Corient Private Wealth LP Takes $22.23 Million Position in American Electric Power Company, Inc. $AEP

Corient Private Wealth LP bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 162,480 shares of the company’s stock, valued at approximately $22,230,000.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management grew its stake in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Costello Asset Management INC boosted its holdings 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 purchasing an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its holdings 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 purchasing an additional 154 shares during the last quarter. Basepoint Wealth LLC bought a new stake in American Electric Power in the 4th quarter worth about $27,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in American Electric Power in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $122.31 on Friday. The firm has a market cap of $66.59 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The firm’s 50-day simple moving average is $130.42 and its two-hundred day simple moving average is $130.57.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s dividend payout ratio is presently 65.18%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AEP shares. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Barclays reduced their target price on 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. Morgan Stanley decreased their price target on American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

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.