Ieq Capital LLC Invests $1.29 Million in American Electric Power Company, Inc. $AEP

Ieq Capital LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,402 shares of the company’s stock, valued at approximately $1,286,000.

Several other large investors have also recently bought and sold shares of AEP. HITE Hedge Asset Management LLC bought a new stake in American Electric Power during the fourth quarter worth about $32,032,000. BlackRock Inc. acquired a new position in shares of American Electric Power in the 2nd quarter valued at approximately $6,980,601,000. Dockside LLC bought a new stake in shares of American Electric Power during the 4th quarter worth approximately $1,912,000. Barclays PLC boosted its position in shares of American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after acquiring an additional 57,807 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $2,318,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Up 0.5%

AEP opened at $123.36 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company’s 50 day moving average price is $130.63 and its two-hundred day moving average price is $130.62. The firm has a market capitalization of $67.16 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.24 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results 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 business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AEP shares. Wells Fargo & Company upped their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. TD Cowen upped their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Mizuho reduced their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Scotiabank lifted their target price on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley dropped their target price on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Thirteen investment 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, the company has a consensus rating of “Moderate Buy” and an average target price of $140.19.

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.