Kingsview Wealth Management LLC Purchases New Position in American Electric Power Company, Inc. $AEP

Key Points

• Kingsview Wealth Management purchased 24,755 shares of American Electric Power during the second quarter, valued at approximately $3.4 million. Institutional investors and hedge funds collectively own 75.24% of AEP’s shares.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $140.19, although several firms recently lowered their targets. AEP shares opened at $122.31, below their 50- and 200-day moving averages.
• AEP’s latest quarterly earnings missed expectations, reporting $1.36 per share versus the $1.48 consensus, despite revenue rising 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.

Kingsview Wealth Management LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 24,755 shares of the company's stock, valued at approximately $3,387,000.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after buying an additional 91 shares in the last quarter. Costello Asset Management INC boosted its stake in shares of 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 buying an additional 100 shares during the period. Legacy Wealth Managment LLC ID grew its position 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 in the last quarter. Basepoint Wealth LLC bought a new position in American Electric Power during the 4th quarter worth $27,000. Finally, Union Savings Bank bought a new position in American Electric Power during the 4th quarter worth $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEP. Citigroup reduced their price objective on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Barclays cut their price target 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. LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating on the stock in a research note on Thursday, June 18th. Wall Street Zen downgraded shares of American Electric Power from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Finally, Truist Financial cut their target price on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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 current ratio of 0.50 and a quick ratio of 0.38. The company has a 50-day moving average price of $130.42 and a 200-day moving average price of $130.57. The stock has a market capitalization of $66.59 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.23 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share 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 business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the business posted $1.43 EPS. American Electric Power'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. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

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