Dockside LLC Invests $1.91 Million in American Electric Power Company, Inc. $AEP

Dockside LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,584 shares of the company’s stock, valued at approximately $1,912,000.

Several other institutional investors also recently modified their holdings of the business. Eventide Asset Management LLC boosted its stake in American Electric Power by 125.8% during the 4th quarter. Eventide Asset Management LLC now owns 21,035 shares of the company’s stock worth $2,440,000 after acquiring an additional 11,719 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in American Electric Power by 19.1% during the 4th quarter. Epoch Investment Partners Inc. now owns 901,324 shares of the company’s stock worth $103,932,000 after acquiring an additional 144,624 shares during the last quarter. Barclays PLC boosted its stake in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after acquiring an additional 57,807 shares during the last quarter. Aigen Investment Management LP bought a new position in American Electric Power during the 4th quarter worth approximately $2,318,000. Finally, Atlas Capital Advisors Inc. bought a new position in American Electric Power during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 0.6%

American Electric Power stock opened at $129.23 on Friday. The firm has a market capitalization of $70.31 billion, a PE ratio of 18.98, a P/E/G ratio of 2.58 and a beta of 0.53. The company’s 50-day moving average is $131.28 and its 200-day moving average is $125.67. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion for 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 revenue for the quarter was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is 55.80%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AEP shares. TD Cowen lifted their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays lifted their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Citigroup lifted their price objective on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. 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 research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.10.

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.