Bessemer Group Inc. Has $217.83 Million Stock Position in American Electric Power Company, Inc. $AEP

Bessemer Group Inc. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,661,844 shares of the company’s stock after buying an additional 9,158 shares during the period. Bessemer Group Inc.’s holdings in American Electric Power were worth $217,834,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AEP. Independent Financial Group LLC acquired a new stake in shares of American Electric Power during the first quarter worth about $669,000. Prosperity Consulting Group LLC lifted its holdings in shares of American Electric Power by 2.9% during the 1st quarter. Prosperity Consulting Group LLC now owns 16,939 shares of the company’s stock valued at $2,220,000 after purchasing an additional 483 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of American Electric Power by 11.4% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 14,220 shares of the company’s stock valued at $1,864,000 after purchasing an additional 1,450 shares during the period. Wealthfront Advisers LLC grew its position in shares of American Electric Power by 1.9% in the 1st quarter. Wealthfront Advisers LLC now owns 120,426 shares of the company’s stock valued at $15,785,000 after purchasing an additional 2,243 shares during the period. Finally, D.A. Davidson & CO. increased its stake in American Electric Power by 0.9% during the 1st quarter. D.A. Davidson & CO. now owns 51,908 shares of the company’s stock worth $6,804,000 after purchasing an additional 462 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on AEP shares. Truist Financial dropped their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Scotiabank increased their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Finally, BMO Capital Markets cut their price objective on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.48.

American Electric Power Stock Up 0.5%

Shares of American Electric Power stock opened at $133.13 on Friday. The business’s 50 day simple moving average is $131.24 and its 200 day simple moving average is $128.59. American Electric Power Company, Inc. has a 52-week low of $105.02 and a 52-week high of $140.58. The firm has a market cap of $72.44 billion, a PE ratio of 19.55, a P/E/G ratio of 2.43 and a beta of 0.52. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the firm posted $1.54 EPS. The business’s 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, analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.

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.