Oxford Financial Group LTD. LLC Invests $1.21 Million in American Electric Power Company, Inc. $AEP

Key Points

• Oxford Financial Group acquired 8,833 shares of American Electric Power in the second quarter, valued at approximately $1.21 million. Institutional investors collectively own 75.24% of AEP’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $140.38, despite several recent target-price reductions.
• AEP reported quarterly earnings of $1.36 per share, 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 3.0% yield.

Oxford Financial Group LTD. LLC acquired a new stake 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 SEC. The institutional investor acquired 8,833 shares of the company's stock, valued at approximately $1,208,000.

Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its position in American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after buying an additional 105 shares in the last quarter. Costello Asset Management INC grew its stake in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management increased its holdings in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. Rakuten Securities Inc. boosted its stake in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Finally, Union Savings Bank purchased a new stake in American Electric Power during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research analyst reports. Truist Financial decreased their price target on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target on American Electric Power from $141.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 15th. Raymond James Financial reissued an "outperform" rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Wells Fargo & Company lifted their target price on American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH dropped their target price on American Electric Power from $148.00 to $143.00 and set a "buy" rating on the stock in a research report on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, American Electric Power presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.38.

American Electric Power Trading Down 0.5%

American Electric Power stock opened at $125.70 on Friday. The firm has a market cap of $68.43 billion, a PE ratio of 21.56, a P/E/G ratio of 2.26 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 stock's 50 day simple moving average is $131.18 and its two-hundred day simple moving average is $130.55. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its 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 firm had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. During the same period last year, the firm earned $1.43 earnings per share. American Electric Power's revenue for the quarter 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. Analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared 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 dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. 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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