Kestra Private Wealth Services LLC Has $7.37 Million Holdings in American Electric Power Company, Inc. $AEP

Kestra Private Wealth Services LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,246 shares of the company’s stock after acquiring an additional 5,710 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in American Electric Power were worth $7,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Czech National Bank boosted its stake in American Electric Power by 3.9% during the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after buying an additional 5,314 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of American Electric Power by 2.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock worth $33,869,000 after acquiring an additional 8,302 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in shares of American Electric Power by 983.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock worth $7,365,000 after acquiring an additional 57,977 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of American Electric Power by 17.7% during the 4th quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after acquiring an additional 9,532 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.5%

Shares of AEP stock opened at $137.00 on Friday. The company has a market capitalization of $74.54 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.69 and a beta of 0.53. American Electric Power Company, Inc. has a 12-month low of $101.15 and a 12-month high of $139.44. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $130.69 and a 200 day moving average price of $126.37.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s dividend payout ratio is 55.80%.

Analyst Ratings Changes

A number of analysts recently weighed in on AEP shares. The Goldman Sachs Group upped their target price on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets lowered their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, April 20th. TD Cowen raised their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Evercore boosted their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.19.

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.