Independent Financial Group LLC Makes New $669,000 Investment in American Electric Power Company, Inc. $AEP

Independent Financial Group LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,100 shares of the company’s stock, valued at approximately $669,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in American Electric Power during the 1st quarter worth about $320,000. Sivia Capital Partners LLC lifted its holdings in American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after acquiring an additional 105 shares in the last quarter. Finally, AXA S.A. boosted its position in shares of American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after acquiring an additional 38,684 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 2.0%

AEP stock opened at $133.07 on Thursday. The company has a market cap of $72.40 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.39 and a beta of 0.52. The company has a fifty day moving average price of $131.36 and a 200 day moving average price of $129.04. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $1.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.35 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 issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s payout ratio is presently 55.80%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEP. Scotiabank boosted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. TD Cowen upped their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. dropped their price objective 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. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average price target of $141.71.

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.