KCM Capital Inc Makes New Investment in American Electric Power Company, Inc. $AEP

KCM Capital Inc purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 30,800 shares of the company’s stock, valued at approximately $4,037,000. American Electric Power comprises 0.6% of KCM Capital Inc’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also modified their holdings of AEP. Godshalk Welsh Capital Management Inc. purchased a new stake in American Electric Power in the first quarter valued at approximately $210,000. Arvest Bank Trust Division raised its position in American Electric Power by 3.0% during the 1st quarter. Arvest Bank Trust Division now owns 6,546 shares of the company’s stock worth $858,000 after buying an additional 190 shares during the last quarter. CI Investments Inc. raised its position in American Electric Power by 5.7% during the 1st quarter. CI Investments Inc. now owns 12,426 shares of the company’s stock worth $1,629,000 after buying an additional 673 shares during the last quarter. Magellan Asset Management Ltd lifted its stake in American Electric Power by 18.6% during the 1st quarter. Magellan Asset Management Ltd now owns 403,001 shares of the company’s stock valued at $52,825,000 after acquiring an additional 63,068 shares during the period. Finally, Himension Capital Singapore PTE. LTD. acquired a new stake in American Electric Power during the 1st quarter valued at approximately $896,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on AEP shares. The Goldman Sachs Group increased their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. LADENBURG THALM/SH SH decreased their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Citigroup boosted their target price on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen upped their price target on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, April 20th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.71.

American Electric Power Trading Up 2.0%

Shares of American Electric Power stock opened at $133.07 on Thursday. The firm has a 50-day simple moving average of $131.36 and a two-hundred day simple moving average of $129.04. The company has a market cap of $72.40 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.39 and a beta of 0.52. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. 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 posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) 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 business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the company posted $1.54 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) 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.