Live Oak Investment Partners Makes New Investment in American Electric Power Company, Inc. $AEP

Live Oak Investment Partners purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, HoldingsChannel reports. The fund purchased 8,125 shares of the company’s stock, valued at approximately $1,112,000.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of American Electric Power in the second quarter worth $6,980,601,000. Bank of New York Mellon Corp acquired a new position in American Electric Power during the second quarter worth $495,495,000. Soroban Capital Partners LP grew its position in American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. Janus Henderson Group PLC grew its position in American Electric Power by 8,776.8% in the first quarter. Janus Henderson Group PLC now owns 2,219,198 shares of the company’s stock valued at $290,894,000 after purchasing an additional 2,194,198 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in American Electric Power in the 2nd quarter valued at $298,806,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the topic of several analyst reports. Mizuho cut 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 report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective 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. Citigroup lowered their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Wells Fargo & Company upped their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH reduced their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $140.38.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $126.27 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $68.74 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.26 and a beta of 0.52. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The stock has a 50 day moving average of $131.23 and a 200-day moving average of $130.51.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results 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 net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the company posted $1.43 EPS. The firm’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, equities research analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed 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. 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 is presently 65.18%.

American Electric Power 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.