Elemental Capital Partners LLC Invests $1.13 Million in American Electric Power Company, Inc. $AEP

Elemental Capital Partners LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,627 shares of the company’s stock, valued at approximately $1,131,000. American Electric Power accounts for about 0.5% of Elemental Capital Partners LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Optima Capital LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. grew its position in shares of American Electric Power by 7,300.0% during 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 last quarter. Legacy Wealth Managment LLC ID increased its holdings in shares of American Electric Power by 200.0% in the 4th 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 period. Finally, Basepoint Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEP. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Mizuho increased their price objective on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets dropped their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. Scotiabank upped their price target on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Finally, UBS Group increased their price target on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Thirteen 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 an average rating of “Moderate Buy” and an average target price of $141.38.

American Electric Power Stock Performance

NASDAQ:AEP opened at $138.51 on Friday. The firm’s fifty day simple moving average is $131.07 and its 200-day simple moving average is $127.17. 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 stock has a market cap of $75.36 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $102.39 and a fifty-two week high of $139.44.

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

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.7%. American Electric Power’s payout ratio is 55.80%.

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.