Polaris Financial Partners Buys 23,992 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Polaris Financial Partners initiated a position in American Electric Power, purchasing 23,992 shares valued at approximately $2.87 million. AEP now represents about 1.3% of the fund’s portfolio, while institutional investors collectively own 75.24% of the company.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and nine Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $139.62.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, though revenue rose 7% year over year to $5.45 billion. The company pays a quarterly dividend of $0.95, equivalent to a 3.2% annualized yield.

Polaris Financial Partners purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,992 shares of the company's stock, valued at approximately $2,872,000. American Electric Power accounts for about 1.3% of Polaris Financial Partners' portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Elevation Wealth Partners LLC raised its stake in shares of American Electric Power by 118.0% during 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 in the last quarter. Costello Asset Management INC increased its stake in American Electric Power by 100.0% during the 1st 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. Parvin Asset Management LLC bought a new stake in shares of American Electric Power during the 2nd quarter worth about $27,000. Caitlin John LLC bought a new stake in shares of American Electric Power during the 2nd quarter worth about $27,000. Finally, Premier Financial Group acquired a new stake in shares of American Electric Power in the 2nd quarter worth approximately $28,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

AEP has been the subject of several recent analyst reports. 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 for the company in a report on Thursday, June 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a research note on Thursday, August 27th. UBS Group set a $139.00 price target on American Electric Power in a research report on Monday, September 21st. Citigroup dropped their price objective on 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. Finally, Morgan Stanley cut their price objective on American Electric Power from $135.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, September 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.62.

American Electric Power Price Performance

NASDAQ:AEP traded down $0.18 during trading hours on Friday, reaching $119.57. 5,539,001 shares of the company's stock were exchanged, compared to its average volume of 4,018,776. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $65.09 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58. The business's 50-day simple moving average is $123.95 and its two-hundred day simple moving average is $129.11.

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 company had revenue of $5.45 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.38 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a $0.95 dividend. The ex-dividend date was Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. American Electric Power's dividend payout ratio (DPR) is 65.18%.

Insiders Place Their Bets

In related news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 15,856 shares of the company's stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

American Electric Power Company Profile

American Electric Power NASDAQ: AEP is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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