American Electric Power Company, Inc. $AEP Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 76.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,057 shares of the company’s stock after purchasing an additional 29,552 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Electric Power were worth $9,311,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in American Electric Power by 13,905.1% during the second quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company’s stock valued at $11,844,009,000 after buying an additional 85,954,533 shares during the period. BlackRock Inc. acquired a new position in shares of American Electric Power in the second quarter worth about $6,980,601,000. Bank of America Corp DE purchased a new stake in shares of American Electric Power during the 2nd quarter worth about $1,678,638,000. GQG Partners LLC purchased a new position in shares of American Electric Power in the 2nd quarter valued at about $1,404,094,000. Finally, Legal & General Group Plc purchased a new position in shares of American Electric Power in the 2nd quarter valued at about $680,638,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Jefferies Financial Group boosted their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. LADENBURG THALM/SH SH reduced their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Morgan Stanley decreased their target price on American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Finally, Mizuho dropped their price target on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $123.47 on Friday. The stock has a market capitalization of $67.22 billion, a P/E ratio of 21.18, a PEG ratio of 2.64 and a beta of 0.51. The business has a 50 day simple moving average of $128.28 and a two-hundred day simple moving average of $130.43. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 6.39 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, August 10th. American Electric Power’s dividend payout ratio is 65.18%.

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

American Electric Power Company Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.