Oxbow Advisors LLC Takes Position in American Electric Power Company, Inc. $AEP

Oxbow Advisors LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 33,676 shares of the company’s stock, valued at approximately $4,607,000.

A number of other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in American Electric Power in the 2nd quarter worth about $17,286,000. Foster & Motley Inc. purchased a new position in shares of American Electric Power during the second quarter valued at approximately $388,000. Main Street Financial Solutions LLC boosted its position in shares of American Electric Power by 31.8% during the second quarter. Main Street Financial Solutions LLC now owns 2,216 shares of the company’s stock valued at $303,000 after buying an additional 535 shares during the period. Energy Income Partners LLC bought a new position in shares of American Electric Power during the second quarter valued at approximately $125,846,000. Finally, Meeder Advisory Services Inc. bought a new position in shares of American Electric Power during the second quarter valued at approximately $2,025,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.1%

Shares of NASDAQ AEP opened at $126.35 on Wednesday. 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 firm has a market capitalization of $68.78 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.25 and a beta of 0.52. The stock has a 50 day moving average price of $131.28 and a 200 day moving average price of $130.46. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for 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 revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. 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 dividend payout ratio is presently 65.18%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEP. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. JPMorgan Chase & Co. cut their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. BMO Capital Markets decreased their target price on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH decreased their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average 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.