Northstar Financial Companies Inc. Buys New Position in American Electric Power Company, Inc. $AEP

Key Points

• Northstar Financial Companies purchased 17,345 shares of American Electric Power valued at approximately $2.37 million, making AEP about 1.6% of its portfolio. Institutional investors collectively own 75.24% of the company.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and 9 Hold ratings. AEP has a “Moderate Buy” consensus rating and an average price target of $140.71.
• AEP reported quarterly revenue of $5.45 billion, up 7% year over year, though EPS of $1.36 missed estimates. The company declared a quarterly dividend of $0.95 per share, equating to a 3.0% annualized yield.

Northstar Financial Companies Inc. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,345 shares of the company's stock, valued at approximately $2,373,000. American Electric Power accounts for about 1.6% of Northstar Financial Companies Inc.'s portfolio, making the stock its 20th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Flputnam Investment Management Co. bought a new stake in shares of American Electric Power during the 2nd quarter valued at about $2,620,000. Horizon Investment Services LLC bought a new position in American Electric Power in the second quarter worth about $3,161,000. Global Retirement Partners LLC bought a new position in American Electric Power in the second quarter worth about $3,788,000. 1ST Source Bank purchased a new stake in American Electric Power in the second quarter worth about $3,637,000. Finally, Alberta Investment Management Corp bought a new stake in American Electric Power during the 2nd quarter valued at approximately $11,697,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AEP shares. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a report on Monday, June 1st. Morgan Stanley raised their target price on American Electric Power from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Scotiabank lifted their price target on American Electric Power from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 6th. Jefferies Financial Group upped their price target on American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.71.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $125.60 on Monday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company has a 50 day simple moving average of $131.31 and a two-hundred day simple moving average of $130.36. The company has a market capitalization of $68.38 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.25 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 (NASDAQ:AEP - Get Free Report) last released its 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 business had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power's payout ratio is presently 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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