Patriot Financial Group Insurance Agency LLC Acquires 12,620 Shares of American Electric Power Company, Inc. $AEP

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 128.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,440 shares of the company’s stock after buying an additional 12,620 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in American Electric Power were worth $2,941,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Activest Wealth Management increased its position in shares of 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 acquiring an additional 91 shares in the last quarter. Rakuten Securities Inc. lifted its position in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares in the last quarter. Optima Capital LLC acquired a new position in American Electric Power during the 4th quarter valued at about $26,000. Union Savings Bank acquired a new position in American Electric Power during the 4th quarter valued at about $27,000. Finally, Legacy Wealth Managment LLC ID increased its holdings in American Electric Power by 200.0% during the 4th 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. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets lowered their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Morgan Stanley increased their price target on American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, Scotiabank raised their price objective on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.19.

American Electric Power Price Performance

AEP opened at $138.83 on Monday. The firm has a market cap of $75.54 billion, a P/E ratio of 20.39, a PEG ratio of 2.76 and a beta of 0.53. The firm has a 50-day moving average of $130.77 and a 200 day moving average of $126.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $102.06 and a fifty-two week high of $139.44.

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

American Electric Power Dividend Announcement

The business 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 was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.7%. American Electric Power’s dividend payout ratio (DPR) is presently 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.