Western Wealth Management LLC Has $1.87 Million Position in American Electric Power Company, Inc. $AEP

Western Wealth Management LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 93.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,267 shares of the company’s stock after buying an additional 6,902 shares during the period. Western Wealth Management LLC’s holdings in American Electric Power were worth $1,870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management increased its position in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Optima Capital LLC acquired a new stake in American Electric Power in the 4th quarter worth about $26,000. Rakuten Securities Inc. boosted its holdings in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Costello Asset Management INC grew 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew its position 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 purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of analyst reports. Barclays dropped their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. lowered their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Raymond James Financial reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Citigroup cut their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Morgan Stanley increased their target price on American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.71.

American Electric Power Stock Performance

NASDAQ AEP opened at $123.58 on Wednesday. The firm’s 50 day simple moving average is $131.46 and its 200 day simple moving average is $130.19. The firm has a market capitalization of $67.28 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.20 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 1 year low of $105.70 and a 1 year high of $140.58.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter 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, 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s 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.