Ieq Capital LLC Acquires New Position in American Electric Power Company, Inc. $AEP

Key Points

• Ieq Capital acquired 9,402 shares of American Electric Power in the second quarter, valued at approximately $1.286 million. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $140.19, despite several recent target-price reductions.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, while revenue reached $5.45 billion and rose 7% year over year. The company declared a $0.95 quarterly dividend, equating to a 3.1% yield.

Ieq Capital LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,402 shares of the company's stock, valued at approximately $1,286,000.

Several other large investors also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC grew its position in shares of American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Costello Asset Management INC increased its stake in American Electric Power by 100.0% in 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 period. Activest Wealth Management raised 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 buying an additional 91 shares in the last quarter. Union Savings Bank acquired a new stake in shares of American Electric Power in the 4th quarter valued at $27,000. Finally, Legacy Wealth Managment LLC ID increased its holdings in shares of 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 in the last quarter. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the subject of several research analyst reports. Truist Financial dropped their price objective on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Wells Fargo & Company upped their target price on shares of American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. BMO Capital Markets dropped their price target on American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. Finally, Morgan Stanley lowered their price objective on shares of 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. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $140.19.

American Electric Power Price Performance

NASDAQ:AEP opened at $123.36 on Thursday. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $130.63 and a 200 day simple moving average of $130.62. The stock has a market capitalization of $67.16 billion, a PE ratio of 21.16, a P/E/G ratio of 2.24 and a beta of 0.52.

American Electric Power (NASDAQ:AEP - Get Free Report) 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced 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. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is 65.18%.

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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