American Electric Power Company, Inc. $AEP Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 170,373 shares of the company’s stock after buying an additional 11,000 shares during the quarter. Corient Private Wealth LLC’s holdings in American Electric Power were worth $19,648,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in shares of American Electric Power during the fourth quarter worth about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of American Electric Power in the 4th quarter valued at approximately $57,000. Worthington Financial Partners LLC acquired a new stake in American Electric Power in the 4th quarter worth approximately $452,000. Bayban acquired a new stake in American Electric Power in the 4th quarter worth approximately $71,000. Finally, Pure Financial Advisors LLC purchased a new stake in American Electric Power during the 4th quarter worth approximately $280,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AEP shares. Citigroup upped their price target on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Morgan Stanley dropped their price objective on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. LADENBURG THALM/SH SH cut their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Truist Financial reduced their target price 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $140.86.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $130.30 on Tuesday. American Electric Power Company, Inc. has a twelve month low of $101.15 and a twelve month high of $139.44. The company’s 50 day moving average is $130.69 and its 200 day moving average is $126.00. 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 $70.90 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53.

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 Dividend Announcement

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 2.9%. American Electric Power’s payout ratio is currently 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.