Capstone Capital Management Ltd Takes $946,000 Position in American Electric Power Company, Inc. $AEP

Capstone Capital Management Ltd purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, Holdings Channel.com reports. The firm purchased 8,200 shares of the company’s stock, valued at approximately $946,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEP. Victory Capital Management Inc. increased its holdings in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after purchasing an additional 2,763,328 shares in the last quarter. Soroban Capital Partners LP increased its stake in shares of American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after buying an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after buying an additional 1,529,662 shares during the period. AQR Capital Management LLC lifted its stake in shares of American Electric Power by 118.2% during the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of American Electric Power by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday. Truist Financial began coverage on American Electric Power in a research note on Tuesday, April 21st. They issued a “buy” rating and a $148.00 price target on the stock. Finally, Citigroup lifted their price objective on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.57.

American Electric Power Stock Up 2.0%

Shares of AEP stock opened at $127.68 on Tuesday. The firm’s fifty day moving average price is $132.16 and its two-hundred day moving average price is $124.77. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The firm has a market capitalization of $69.47 billion, a P/E ratio of 18.75, a PEG ratio of 2.50 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The company 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 company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Insider Activity at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.05% of the stock is owned by insiders.

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.