LFG Wealth Partners LLC Purchases Shares of 11,454 American Electric Power Company, Inc. $AEP

LFG Wealth Partners LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,454 shares of the company’s stock, valued at approximately $1,321,000.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management lifted its position in American Electric Power by 72.2% in 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 in the last quarter. Rakuten Securities Inc. increased its holdings in American Electric Power by 7,300.0% during the 4th 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. Optima Capital LLC acquired a new stake in shares of American Electric Power in the 4th quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its holdings in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEP. Morgan Stanley dropped their target price on American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Scotiabank lifted their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Mizuho boosted their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Wednesday, March 4th. Finally, 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 note on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average price target of $141.10.

American Electric Power Stock Up 0.1%

NASDAQ:AEP opened at $129.31 on Tuesday. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. 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’s 50 day moving average price is $131.21 and its two-hundred day moving average price is $125.75.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. The company 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%. American Electric Power’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued 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 yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

American Electric Power Company 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.