Northstar Financial Companies Inc. Makes New $2.37 Million Investment in American Electric Power Company, Inc. $AEP

Northstar Financial Companies Inc. bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,345 shares of the company’s stock, valued at approximately $2,373,000. American Electric Power makes up about 1.6% of Northstar Financial Companies Inc.’s holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AEP. Vanguard Group Inc. raised its holdings in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after acquiring an additional 828,588 shares during the last quarter. State Street Corp boosted 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 valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the last quarter. Morgan Stanley boosted its stake in American Electric Power by 1.9% during the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after purchasing an additional 271,879 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of American Electric Power by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after purchasing an additional 83,285 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of American Electric Power by 0.5% in the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after purchasing an additional 57,807 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $125.60 on Monday. The business’s fifty day moving average price is $131.31 and its 200-day moving average price is $130.36. The stock has a market capitalization of $68.38 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 65.18%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Jefferies Financial Group upped their target price on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lowered their target price 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 equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.71.

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.