Live Oak Investment Partners Invests $1.11 Million in American Electric Power Company, Inc. $AEP

Live Oak Investment Partners purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,125 shares of the company’s stock, valued at approximately $1,112,000.

Other hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in American Electric Power in the second quarter worth about $54,000. Northcape Wealth Management LLC bought a new stake in American Electric Power during the 2nd quarter worth about $648,000. Csenge Advisory Group acquired a new position in American Electric Power during the 2nd quarter valued at about $1,019,000. AssuredPartners Investment Advisors LLC acquired a new position in American Electric Power during the 2nd quarter valued at about $330,000. Finally, Johnson Financial Group Inc. bought a new position in shares of American Electric Power in the 2nd quarter valued at about $4,084,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1%

American Electric Power stock opened at $126.27 on Thursday. The company has a 50 day moving average of $131.23 and a 200-day moving average of $130.51. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The stock 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.

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

American Electric Power Announces Dividend

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

Analysts Set New Price Targets

AEP has been the subject of a number of recent research reports. Citigroup dropped their price target on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Truist Financial reduced their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company lifted their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group upped their target price on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.38.

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.