8,729 Shares in American Electric Power Company, Inc. $AEP Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, HoldingsChannel reports. The firm bought 8,729 shares of the company’s stock, valued at approximately $1,104,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management grew its position in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the last quarter. Costello Asset Management INC lifted its position in shares of American Electric Power by 100.0% during the 1st 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. Legacy Wealth Managment LLC ID boosted its stake in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after acquiring an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new stake in shares of American Electric Power during the 4th quarter worth $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ AEP opened at $125.60 on Monday. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. 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 has a market cap of $68.38 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52. The firm’s 50 day moving average price is $131.31 and its two-hundred day moving average price is $130.36.

American Electric Power (NASDAQ:AEP) last announced its 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 firm had revenue of $5.45 billion for 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%. American Electric Power’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $1.43 earnings per share. 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 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Scotiabank lifted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Truist Financial increased their price target on American Electric Power from $145.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, July 17th. TD Cowen lifted their price target on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Mizuho cut their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $140.71.

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.