63,100 Shares in American Electric Power Company, Inc. $AEP Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, Holdings Channel reports. The fund bought 63,100 shares of the company’s stock, valued at approximately $8,271,000.

Several other hedge funds have also made changes to their positions in AEP. Financial Enhancement Group LLC raised its position in shares of American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after buying an additional 76 shares during the period. Root Financial Partners LLC grew its position in American Electric Power by 15.0% in the fourth quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock worth $74,000 after acquiring an additional 83 shares during the period. Baron Silver Stevens Financial Advisors LLC increased its stake in American Electric Power by 4.1% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock worth $251,000 after acquiring an additional 85 shares during the last quarter. KCM Investment Advisors LLC increased its stake in American Electric Power by 1.3% during the fourth quarter. KCM Investment Advisors LLC now owns 6,641 shares of the company’s stock worth $766,000 after acquiring an additional 85 shares during the last quarter. Finally, Vectors Research Management LLC raised its position in American Electric Power by 0.4% in the fourth quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.5%

Shares of NASDAQ AEP opened at $137.00 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $74.54 billion, a PE ratio of 20.12, a PEG ratio of 2.69 and a beta of 0.53. American Electric Power Company, Inc. has a twelve month low of $101.15 and a twelve month high of $139.44. The stock has a fifty day simple moving average of $130.69 and a 200-day simple moving average of $126.37.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the company earned $1.54 EPS. American Electric Power’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Citigroup raised their price objective on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Scotiabank upped their target price on shares of 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. BMO Capital Markets lowered their target price on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Finally, UBS Group lifted their price target on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $141.19.

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.