Northcape Wealth Management LLC Takes $648,000 Position in American Electric Power Company, Inc. $AEP

Northcape Wealth Management LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,738 shares of the company’s stock, valued at approximately $648,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Essex Financial Services Inc. raised its stake in American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares in the last quarter. Cornerstone Advisory LLC boosted 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 period. Financial Enhancement Group LLC grew its stake in shares of American Electric Power by 3.3% in the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after purchasing an additional 76 shares in the last quarter. Community Trust & Investment Co. grew its stake in shares of American Electric Power by 1.7% in the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock worth $647,000 after purchasing an additional 77 shares in the last quarter. Finally, J2 Capital Management Inc increased its holdings in shares of American Electric Power by 2.0% during 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 period. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their target price on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. Scotiabank boosted their price target on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average price target of $140.38.

American Electric Power Stock Down 0.1%

Shares of American Electric Power stock opened at $126.27 on Thursday. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The firm has a market capitalization of $68.74 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average is $131.23 and its 200-day moving average is $130.51.

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

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 65.18%.

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.