American Electric Power Company, Inc. $AEP Shares Newly Purchased by Leo Wealth LLC

Leo Wealth LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, Holdings Channel reports. The firm acquired 6,320 shares of the company’s stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in American Electric Power in the second quarter worth approximately $6,980,601,000. Wellington Management Group LLP grew its holdings in American Electric Power by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after acquiring an additional 715,613 shares in the last quarter. Bank of America Corp DE acquired a new position in American Electric Power during the 2nd quarter worth approximately $1,678,638,000. GQG Partners LLC acquired a new position in American Electric Power during the 2nd quarter worth approximately $1,404,094,000. Finally, Legal & General Group Plc purchased a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $680,638,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. KeyCorp upgraded shares of American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 target price for the company in a research note on Monday, October 12th. Scotiabank lowered their target price on shares of American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 30th. JPMorgan Chase & Co. dropped their target price on American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Finally, UBS Group set a $135.00 price target on American Electric Power in a research note on Monday, October 19th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.70.

American Electric Power Trading Down 0.4%

Shares of American Electric Power stock opened at $129.22 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a fifty day simple moving average of $123.08 and a 200-day simple moving average of $127.66. The stock has a market cap of $70.35 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.68 and a beta of 0.48. American Electric Power Company, Inc. has a 12-month low of $112.54 and a 12-month high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. American Electric Power’s revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.40 EPS for the current fiscal year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio is 65.18%.

Insider Activity

In other news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.