Northstar Financial Companies Inc. Boosts Holdings in American Electric Power Company, Inc. $AEP

Northstar Financial Companies Inc. raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 82.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,142 shares of the company’s stock after buying an additional 6,371 shares during the quarter. American Electric Power comprises about 1.5% of Northstar Financial Companies Inc.’s holdings, making the stock its 18th largest position. Northstar Financial Companies Inc.’s holdings in American Electric Power were worth $1,854,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AEP. Brighton Jones LLC raised its holdings in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in American Electric Power in the first quarter valued at about $320,000. Sivia Capital Partners LLC boosted its holdings in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. increased its position in 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 purchasing an additional 38,684 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets cut their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. LADENBURG THALM/SH SH cut their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Morgan Stanley raised their target price on American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Finally, Truist Financial decreased their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $141.48.

American Electric Power Stock Performance

Shares of AEP stock opened at $134.94 on Wednesday. The stock has a fifty day moving average price of $131.21 and a 200 day moving average price of $128.35. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market cap of $73.42 billion, a PE ratio of 19.82, a P/E/G ratio of 2.48 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $103.64 and a 1 year high of $140.58.

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

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

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.