American Electric Power Company, Inc. $AEP Shares Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 82.0% in the first quarter, HoldingsChannel reports. The firm owned 14,142 shares of the company’s stock after buying an additional 6,371 shares during the quarter. American Electric Power makes up approximately 1.5% of Northstar Financial Companies Inc.’s holdings, making the stock its 18th biggest holding. Northstar Financial Companies Inc.’s holdings in American Electric Power were worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the period. Optima Capital LLC purchased a new stake in American Electric Power in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. raised its holdings in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the last quarter. Costello Asset Management INC raised its holdings in American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 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 purchasing an additional 154 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. BMO Capital Markets cut their price objective on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. 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. Finally, LADENBURG THALM/SH SH lowered their target price 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. Thirteen 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.48.

American Electric Power Trading Down 0.5%

AEP opened at $134.94 on Wednesday. The firm’s 50 day moving average is $131.21 and its 200-day moving average is $128.35. American Electric Power Company, Inc. has a 52-week low of $103.64 and a 52-week high of $140.58. 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 firm has a market capitalization of $73.42 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.48 and a beta of 0.52.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio 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.