Oxbow Advisors LLC Invests $4.61 Million in American Electric Power Company, Inc. $AEP

Key Points

• Oxbow Advisors initiated a $4.61 million position in American Electric Power, purchasing 33,676 shares during the second quarter. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a “Moderate Buy” consensus, with 13 Buy ratings and nine Holds and an average price target of $140.38 versus the reported share price of $126.35.
• AEP reported quarterly revenue of $5.45 billion, ahead of estimates, but earnings per share of $1.36 missed expectations of $1.48. The company declared a quarterly dividend of $0.95 per share, representing a 3.0% annualized yield.

Oxbow Advisors LLC bought 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 filing with the Securities and Exchange Commission (SEC). The firm bought 33,676 shares of the company's stock, valued at approximately $4,607,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HITE Hedge Asset Management LLC bought a new position in shares of American Electric Power during the fourth quarter worth $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in American Electric Power by 2.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company's stock valued at $33,869,000 after acquiring an additional 8,302 shares in the last quarter. Vanguard Group Inc. increased its holdings in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company's stock valued at $6,053,417,000 after acquiring an additional 828,588 shares during the last quarter. Dockside LLC bought a new stake in American Electric Power in the 4th quarter valued at $1,912,000. Finally, Barclays PLC lifted its stake in American Electric Power by 0.5% in the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company's stock worth $1,225,381,000 after purchasing an additional 57,807 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a report on Thursday, June 18th. JPMorgan Chase & Co. reduced their target price on American Electric Power from $141.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 15th. TD Cowen boosted their target price on American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Raymond James Financial restated an "outperform" rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Finally, Morgan Stanley lifted their price objective on American Electric Power from $136.00 to $139.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.38.

American Electric Power Stock Down 0.1%

Shares of NASDAQ:AEP opened at $126.35 on Wednesday. The company has a market cap of $68.78 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.25 and a beta of 0.52. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month 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 company has a 50-day moving average price of $131.28 and a 200 day moving average price of $130.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. 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, equities research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power's payout ratio is currently 65.18%.

American Electric Power 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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