Investment Partners LTD. Buys 3,896 Shares of American Electric Power Company, Inc. $AEP

Investment Partners LTD. increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 21.9% in the third quarter, HoldingsChannel.com reports. The firm owned 21,688 shares of the company’s stock after acquiring an additional 3,896 shares during the quarter. Investment Partners LTD.’s holdings in American Electric Power were worth $2,573,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AEP. Elevation Wealth Partners LLC grew its holdings in shares of American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the period. Costello Asset Management INC raised its holdings in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in American Electric Power during the second quarter worth $27,000. Caitlin John LLC purchased a new stake in American Electric Power during the second quarter worth $27,000. Finally, Premier Financial Group purchased a new stake in American Electric Power during the second quarter worth $28,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $130.21 on Friday. The stock has a market capitalization of $70.90 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.68 and a beta of 0.48. American Electric Power Company, Inc. has a 12-month low of $112.54 and a 12-month high of $140.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.38. The firm’s 50-day moving average is $123.35 and its two-hundred day moving average is $127.93.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.55 billion. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.80 earnings per share. Equities analysts predict that American Electric Power Company, Inc. will post 6.41 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $0.97 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, November 10th. This represents a $3.88 annualized dividend and a yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is presently 61.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial dropped their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. HSBC assumed coverage on shares of American Electric Power in a research report on Thursday, October 22nd. They issued a “buy” rating and a $145.90 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and a consensus price target of $139.00.

Key American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

Insider Buying and Selling at American Electric Power

In related news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.