Family Legacy Inc. Purchases New Holdings in American Electric Power Company, Inc. $AEP

Family Legacy Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,280 shares of the company’s stock, valued at approximately $859,000.

Several other institutional investors have also added to or reduced their stakes in AEP. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the period. Rakuten Securities Inc. raised its holdings in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 shares during the period. Costello Asset Management INC increased its stake in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Legacy Wealth Managment LLC ID lifted its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares during the last quarter. Finally, Basepoint Wealth LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $27,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several recent analyst reports. LADENBURG THALM/SH SH reduced their price target on shares of 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. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, April 20th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Wells Fargo & Company raised their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group lifted their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.71.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $125.60 on Friday. The firm has a market cap of $68.38 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The stock’s fifty day moving average price is $131.31 and its 200-day moving average price is $130.27.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the company earned $1.43 earnings per share. The firm’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 research analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

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.