Ninepoint Partners LP Buys Shares of 11,636 American Electric Power Company, Inc. $AEP

Ninepoint Partners LP purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,636 shares of the company’s stock, valued at approximately $1,592,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Capital Management LLC bought a new stake in American Electric Power during the 2nd quarter worth approximately $1,050,000. MJP Associates Inc. ADV bought a new position in shares of American Electric Power during the second quarter valued at $426,000. PCM Encore LLC bought a new position in shares of American Electric Power during the second quarter valued at $505,000. E Fund Management Co. Ltd. acquired a new position in shares of American Electric Power during the second quarter worth $2,877,000. Finally, Live Oak Investment Partners acquired a new position in shares of American Electric Power during the second quarter worth $1,112,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AEP shares. TD Cowen increased their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. JPMorgan Chase & Co. cut their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. LADENBURG THALM/SH SH reduced their price target 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. Finally, Truist Financial decreased their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.38.

American Electric Power Trading Down 0.5%

AEP opened at $125.70 on Friday. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The company has a fifty day moving average of $131.18 and a 200-day moving average of $130.55. The stock has a market cap of $68.43 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current 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 paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is currently 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.