American Electric Power Company, Inc. $AEP Stake Raised by Odyssean LLC

Odyssean LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 109.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,004 shares of the company’s stock after acquiring an additional 12,009 shares during the quarter. Odyssean LLC’s holdings in American Electric Power were worth $3,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AEP. Activest Wealth Management increased its holdings in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Costello Asset Management INC boosted its holdings in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Legacy Wealth Managment LLC ID grew its position in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. Basepoint Wealth LLC purchased a new position in American Electric Power during the fourth quarter valued at approximately $27,000. Finally, Union Savings Bank acquired a new position in American Electric Power in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $122.77 on Wednesday. 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 company has a market cap of $66.84 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. The stock has a 50-day moving average of $130.72 and a 200-day moving average of $130.60. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58.

American Electric Power (NASDAQ:AEP) last posted 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). 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 for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Scotiabank increased their price objective on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. LADENBURG THALM/SH SH reduced their price objective 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. Truist Financial lowered their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, Barclays dropped their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

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.