Harrison Street Private Wealth LLC Makes New Investment in American Electric Power Company, Inc. $AEP

Harrison Street Private Wealth LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 26,690 shares of the company’s stock, valued at approximately $3,499,000. American Electric Power accounts for about 4.6% of Harrison Street Private Wealth LLC’s portfolio, making the stock its 13th largest position.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Optima Capital LLC purchased a new stake in American Electric Power during the fourth quarter worth about $26,000. Rakuten Securities Inc. lifted 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 purchasing an additional 219 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new position in shares of American Electric Power in the fourth quarter valued at approximately $27,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AEP shares. Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Citigroup boosted their target price on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Scotiabank raised 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. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, April 20th. Finally, UBS Group lifted their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.38.

American Electric Power Stock Up 2.6%

AEP stock opened at $138.51 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company’s 50 day simple moving average is $131.07 and its 200-day simple moving average is $127.17. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $139.44. The firm has a market capitalization of $75.36 billion, a PE ratio of 20.34, a P/E/G ratio of 2.47 and a beta of 0.51.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 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.