Integrated Wealth Concepts LLC Boosts Stock Position in American Electric Power Company, Inc. $AEP

Integrated Wealth Concepts LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 76.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,057 shares of the company’s stock after buying an additional 29,552 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Electric Power were worth $9,311,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Costello Asset Management INC lifted its position in American Electric Power by 100.0% during the first 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. Basepoint Wealth LLC purchased a new position in American Electric Power in the fourth quarter worth $27,000. Union Savings Bank acquired a new position in shares of American Electric Power during the fourth quarter worth $27,000. Elevation Wealth Partners LLC increased its position in shares of American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of American Electric Power during the 2nd quarter valued at $27,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the topic of several research analyst reports. Barclays dropped their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Morgan Stanley lowered their price target on American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, August 21st. LADENBURG THALM/SH SH dropped their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Truist Financial decreased their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Insider Buying and Selling at American Electric Power

In related news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares of the company’s stock, valued at $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

American Electric Power Stock Down 1.0%

Shares of AEP stock opened at $123.47 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The firm has a market capitalization of $67.22 billion, a PE ratio of 21.18, a P/E/G ratio of 2.64 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The stock’s 50-day simple moving average is $128.28 and its 200-day simple moving average is $130.43.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the company earned $1.43 EPS. American Electric Power’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a $0.95 dividend. The ex-dividend date was Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio is presently 65.18%.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.