Oxford Financial Group LTD. LLC Acquires Shares of 8,833 American Electric Power Company, Inc. $AEP

Oxford Financial Group LTD. LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, HoldingsChannel reports. The firm bought 8,833 shares of the company’s stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Portfolio Design Labs LLC acquired a new position in shares of American Electric Power during the 2nd quarter worth about $372,000. Ninepoint Partners LP acquired a new stake in American Electric Power in the 2nd quarter worth about $1,592,000. Advisors Capital Management LLC purchased a new stake in American Electric Power during the 2nd quarter worth approximately $1,050,000. MJP Associates Inc. ADV purchased a new stake in American Electric Power during the 2nd quarter worth approximately $426,000. Finally, PCM Encore LLC acquired a new position in shares of American Electric Power during the second quarter valued at approximately $505,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently 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 note on Friday, May 15th. BMO Capital Markets decreased their price objective on American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. TD Cowen lifted their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Truist Financial dropped their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday. Finally, Citigroup reduced their target price on shares of 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. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.38.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $125.70 on Friday. The business’s 50 day moving average price is $131.18 and its 200 day moving average price is $130.55. The company has a market cap of $68.43 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.26 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58.

American Electric Power (NASDAQ:AEP) last issued its 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 company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid 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 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.