Western Wealth Management LLC Purchases 6,902 Shares of 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 first quarter, HoldingsChannel.com reports. The firm owned 14,267 shares of the company’s stock after purchasing 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Activest Wealth Management increased its stake in shares of American Electric Power by 72.2% in 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. Optima Capital LLC acquired a new position in shares of American Electric Power in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. lifted its stake 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 acquiring an additional 219 shares during the period. Costello Asset Management INC boosted its holdings in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of AEP opened at $123.58 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The business’s 50 day moving average price is $131.46 and its two-hundred day moving average price is $130.19. The firm has a market cap of $67.28 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.20 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted 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). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEP. Wells Fargo & Company raised their price target on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Seaport Research Partners upgraded 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. Jefferies Financial Group lifted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $140.71.

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.