Marietta Investment Partners LLC Invests $635,000 in American Electric Power Company, Inc. $AEP

Marietta Investment Partners LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,510 shares of the company’s stock, valued at approximately $635,000.

Several other large investors have also modified their holdings of AEP. Victory Capital Management Inc. lifted its holdings in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after acquiring an additional 2,763,328 shares during the period. Soroban Capital Partners LP lifted its holdings in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of American Electric Power by 357.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after acquiring an additional 1,529,662 shares during the period. AQR Capital Management LLC lifted its holdings in shares of American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after acquiring an additional 1,400,547 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of American Electric Power by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after acquiring an additional 1,285,279 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore increased their price objective on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective on the stock in a report on Friday, February 13th. Mizuho increased their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Monday. Finally, TD Cowen raised their price target on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

American Electric Power Trading Down 0.6%

NASDAQ AEP opened at $126.31 on Thursday. American Electric Power Company, Inc. has a one year low of $100.72 and a one year high of $139.44. The company’s 50 day moving average price is $131.53 and its 200 day moving average price is $125.39. 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 firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.53 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating 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 firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the firm posted $1.54 earnings per share. American Electric Power’s revenue for the quarter 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. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued 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 dividend payout ratio (DPR) is presently 55.80%.

American Electric Power Company 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.