Kathmere Capital Management LLC Acquires Shares of 4,744 American Electric Power Company, Inc. $AEP

Kathmere Capital Management LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,744 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Soroban Capital Partners LP lifted its holdings in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after buying an additional 1,529,662 shares during the last quarter. State Street Corp increased its stake in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after buying an additional 1,514,865 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of American Electric Power by 118.2% during the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AEP. Truist Financial reduced their price objective on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lowered their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Finally, Seaport Research Partners upgraded 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. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.38.

American Electric Power Price Performance

Shares of AEP stock opened at $137.53 on Wednesday. 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 has a market capitalization of $74.83 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.49 and a beta of 0.52. The firm’s 50-day moving average is $131.28 and its two-hundred day moving average is $127.64. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued 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 dividend yield of 2.8%. American Electric Power’s dividend 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.