Knights of Columbus Asset Advisors LLC Invests $711,000 in American Electric Power Company, Inc. $AEP

Knights of Columbus Asset Advisors LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 6,162 shares of the company’s stock, valued at approximately $711,000.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management lifted its stake in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares during the last quarter. Optima Capital LLC acquired a new stake in shares of American Electric Power during the 4th quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $126.67 on Friday. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $131.63 and a two-hundred day simple moving average of $125.30. The stock has a market capitalization of $68.92 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.55 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the company earned $1.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power’s payout ratio is 55.80%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AEP. Argus raised their target price on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. UBS Group raised their target price on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Raymond James Financial restated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price objective on shares of American Electric Power in a research note on Friday, February 20th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $141.10.

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.