Texas Capital Bank Wealth Management Services Inc Takes Position in American Electric Power Company, Inc. $AEP

Texas Capital Bank Wealth Management Services Inc acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,149 shares of the company’s stock, valued at approximately $568,000.

Other large investors have also modified their holdings of the company. Essex Financial Services Inc. raised its holdings in American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after acquiring an additional 75 shares during the period. Cornerstone Advisory LLC lifted its position in American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after acquiring an additional 75 shares during the last quarter. Financial Enhancement Group LLC boosted its holdings in American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after acquiring an additional 76 shares during the period. Community Trust & Investment Co. boosted its holdings in American Electric Power by 1.7% during the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after acquiring an additional 77 shares during the period. Finally, J2 Capital Management Inc grew its position in shares of American Electric Power by 2.0% in the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $126.53 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The firm has a market capitalization of $68.88 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.25 and a beta of 0.52. The company’s fifty day moving average is $131.31 and its two-hundred day moving average is $130.41. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is currently 65.18%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley increased their target price on American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Mizuho lowered their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Citigroup dropped their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.38.

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.