Miller Howard Investments Inc. NY Grows Position in American Electric Power Company, Inc. $AEP

by · The Markets Daily

Miller Howard Investments Inc. NY lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 34.0% during the first quarter, Holdings Channel.com reports. The firm owned 35,348 shares of the company’s stock after acquiring an additional 8,964 shares during the period. Miller Howard Investments Inc. NY’s holdings in American Electric Power were worth $4,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AEP. Activest Wealth Management increased its holdings in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. Optima Capital LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at about $26,000. Rakuten Securities Inc. grew its position in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID increased its stake in shares of American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 2.6%

Shares of American Electric Power stock opened at $133.74 on Wednesday. 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 twelve month low of $101.15 and a twelve month high of $139.44. The firm has a market capitalization of $72.77 billion, a PE ratio of 19.64, a P/E/G ratio of 2.60 and a beta of 0.53. The firm’s 50-day moving average price is $130.64 and its 200 day moving average price is $126.11.

American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business earned $1.54 EPS. American Electric Power’s quarterly revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s payout ratio is currently 55.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Mizuho upped their price target on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley cut their price objective on American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Scotiabank upped their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Finally, The Goldman Sachs Group lifted their price target on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.

Get Our Latest Research Report on American Electric Power

American Electric Power Company Profile

(Free Report)

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.

Further Reading

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