Opal Capital LLC Makes New $6.69 Million Investment in American Electric Power Company, Inc. $AEP

Opal Capital LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, HoldingsChannel reports. The fund bought 58,002 shares of the company’s stock, valued at approximately $6,689,000. American Electric Power makes up about 1.7% of Opal Capital LLC’s portfolio, making the stock its 20th largest position.

A number of other hedge funds have also bought and sold shares of AEP. Brighton Jones LLC raised its position in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC purchased a new position in American Electric Power in the 1st quarter worth about $320,000. Sivia Capital Partners LLC raised its position in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL raised its position in American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after buying an additional 105 shares during the last quarter. Finally, AXA S.A. raised its position in American Electric Power by 95.7% in the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after buying an additional 38,684 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent research reports. Mizuho boosted their price target on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Truist Financial cut their price target on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Argus boosted their price target on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

American Electric Power Trading Up 0.3%

Shares of NASDAQ:AEP opened at $129.75 on Wednesday. The stock has a 50 day moving average of $131.16 and a 200 day moving average of $125.80. The company has a market cap of $70.60 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. 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 12-month low of $100.72 and a 12-month high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results 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. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

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

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.