Cornerstone Planning LLC Buys New Position in American Electric Power Company, Inc. $AEP

Cornerstone Planning LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,515 shares of the company’s stock, valued at approximately $871,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of American Electric Power by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after acquiring an additional 828,588 shares in the last quarter. State Street Corp boosted its stake in American Electric Power by 5.2% in the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after purchasing an additional 1,514,865 shares in the last quarter. Morgan Stanley boosted its stake in American Electric Power by 1.9% in the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after purchasing an additional 271,879 shares in the last quarter. Geode Capital Management LLC grew its position in American Electric Power by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after purchasing an additional 83,285 shares during the last quarter. Finally, Barclays PLC grew its position in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after purchasing an additional 57,807 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Argus boosted their price objective on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Raymond James Financial reissued an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Finally, Mizuho raised their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $127.73 on Friday. American Electric Power Company, Inc. has a twelve month low of $101.11 and a twelve month high of $139.44. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The company has a market cap of $69.50 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53. The company’s 50 day moving average is $130.83 and its 200 day moving average is $125.89.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion during 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 business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced 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 3.0%. American Electric Power’s payout ratio is currently 55.80%.

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.