Corient Private Wealth LP Buys Shares of 162,480 American Electric Power Company, Inc. $AEP

Key Points

• Corient Private Wealth bought 162,480 shares of American Electric Power in the second quarter, valued at approximately $22.23 million. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and nine Holds, producing a consensus “Moderate Buy” rating and an average price target of $140.19.
• AEP’s latest quarterly results included $1.36 in EPS, below the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company declared a quarterly dividend of $0.95 per share, representing a 3.1% annualized yield.

Corient Private Wealth LP purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 162,480 shares of the company's stock, valued at approximately $22,230,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management raised its stake in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company's stock worth $25,000 after buying an additional 91 shares during the last quarter. Costello Asset Management INC boosted its position in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID grew its holdings in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock worth $27,000 after acquiring an additional 154 shares during the period. Basepoint Wealth LLC acquired a new stake in American Electric Power during the 4th quarter worth about $27,000. Finally, Union Savings Bank bought a new position in shares of American Electric Power in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEP. TD Cowen boosted their price objective on American Electric Power from $141.00 to $148.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Barclays decreased their target price on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating for the company in a research note on Monday, August 3rd. Scotiabank lifted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a research report on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, American Electric Power currently has an average rating of "Moderate Buy" and an average target price of $140.19.

American Electric Power Stock Down 0.3%

Shares of NASDAQ:AEP opened at $122.31 on Friday. 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 business's 50 day simple moving average is $130.42 and its two-hundred day simple moving average is $130.57. The firm has a market cap of $66.59 billion, a P/E ratio of 20.98, a PEG ratio of 2.24 and a beta of 0.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The company'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, research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power's payout ratio is 65.18%.

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.

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