Kayne Anderson Capital Advisors LP Acquires New Position in American Electric Power Company, Inc. $AEP

Kayne Anderson Capital Advisors LP acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, HoldingsChannel reports. The firm acquired 61,748 shares of the company’s stock, valued at approximately $8,448,000.

A number of other institutional investors also recently bought and sold shares of AEP. Silvant Capital Management LLC purchased a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $2,278,000. LaSalle St. Investment Advisors LLC purchased a new stake in shares of American Electric Power during the 2nd quarter valued at approximately $239,000. Ceredex Value Advisors LLC purchased a new stake in shares of American Electric Power during the 2nd quarter valued at approximately $51,516,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of American Electric Power during the 2nd quarter valued at approximately $1,208,000. Finally, Portfolio Design Labs LLC acquired a new position in American Electric Power in the second quarter valued at approximately $372,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

NASDAQ:AEP opened at $125.70 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The company has a 50 day moving average price of $131.18 and a 200 day moving average price of $130.55. The stock has a market capitalization of $68.43 billion, a P/E ratio of 21.56, a PEG ratio of 2.26 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its 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). The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AEP. Barclays lowered their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. LADENBURG THALM/SH SH reduced 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. Jefferies Financial Group upped their price target on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Truist Financial reduced their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $140.38.

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.