Aigen Investment Management LP Acquires New Stake in American Electric Power Company, Inc. $AEP

Key Points

• Aigen Investment Management disclosed a new stake in American Electric Power, buying 20,098 shares worth about $2.32 million in the fourth quarter.
• Wall Street sentiment on AEP remains constructive: the stock has a Moderate Buy consensus rating, with 13 Buy ratings and an average price target of $141.10.
• AEP recently beat quarterly expectations, reporting $1.64 EPS on $6.02 billion in revenue, and it paid a quarterly dividend of $0.95 per share for a 2.9% yield.

Aigen Investment Management LP acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,098 shares of the company's stock, valued at approximately $2,318,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management increased its holdings 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 purchasing an additional 91 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company's stock worth $26,000 after purchasing an additional 175 shares in the last quarter. Optima Capital LLC bought a new stake in shares of American Electric Power in the 4th quarter worth $26,000. Rakuten Securities Inc. increased its holdings in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its holdings in shares of American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock worth $27,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEP. JPMorgan Chase & Co. reduced their target price on American Electric Power from $141.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a report on Monday, June 1st. Wells Fargo & Company lifted their target price on American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. LADENBURG THALM/SH SH raised American Electric Power from a "neutral" rating to a "buy" rating and set a $148.00 target price for the company in a report on Wednesday, March 4th. Finally, The Goldman Sachs Group lifted their target price on American Electric Power from $141.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, April 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.10.

American Electric Power Stock Performance

Shares of AEP opened at $129.23 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a one year low of $100.72 and a one year high of $139.44. The firm has a market capitalization of $70.31 billion, a P/E ratio of 18.98, a PEG ratio of 2.58 and a beta of 0.53. The business has a fifty day moving average of $131.28 and a 200 day moving average of $125.67.

American Electric Power (NASDAQ:AEP - Get Free Report) last released 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. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.American Electric Power's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power's payout ratio is 55.80%.

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.

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