Perigon Wealth Management LLC Takes Position in American Electric Power Company, Inc. $AEP

Perigon Wealth Management LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,590 shares of the company’s stock, valued at approximately $3,227,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HITE Hedge Asset Management LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at approximately $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of American Electric Power by 2.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after purchasing an additional 8,302 shares during the last quarter. Vanguard Group Inc. increased its position in shares of American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after purchasing an additional 828,588 shares during the last quarter. Dockside LLC bought a new stake in shares of American Electric Power during the 4th quarter worth $1,912,000. Finally, Barclays PLC boosted 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 buying an additional 57,807 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Jefferies Financial Group increased 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 report on Wednesday, July 1st. BMO Capital Markets lowered their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, LADENBURG THALM/SH SH lowered their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.38.

American Electric Power Price Performance

AEP stock opened at $126.53 on Tuesday. The firm has a 50 day moving average of $131.31 and a 200-day moving average of $130.41. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The firm has a market capitalization of $68.88 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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 business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

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.