Welch Group LLC Acquires 51,267 Shares of American Electric Power Company, Inc. $AEP

Welch Group LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.8% in the first quarter, HoldingsChannel reports. The fund owned 376,452 shares of the company’s stock after acquiring an additional 51,267 shares during the period. American Electric Power accounts for 1.9% of Welch Group LLC’s portfolio, making the stock its 29th biggest holding. Welch Group LLC’s holdings in American Electric Power were worth $49,345,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the period. Soroban Capital Partners LP lifted its holdings in shares of American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after purchasing an additional 1,529,662 shares during the last quarter. State Street Corp boosted its position in shares of American Electric Power by 5.2% in the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after purchasing an additional 1,514,865 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP opened at $138.83 on Friday. The company has a market cap of $75.54 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.73 and a beta of 0.53. The business’s fifty day simple moving average is $130.77 and its two-hundred day simple moving average is $126.46. American Electric Power Company, Inc. has a 12 month low of $102.06 and a 12 month high of $139.44. 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 (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 firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given 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 yield of 2.7%. American Electric Power’s payout ratio is 55.80%.

Analyst Ratings Changes

AEP has been the subject of a number of analyst reports. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, April 20th. Weiss Ratings reissued 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 research note on Friday, May 15th. Citigroup raised their price target on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, UBS Group lifted their price target on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.19.

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.