Horizon Investment Services LLC Invests $3.16 Million in American Electric Power Company, Inc. $AEP

Horizon Investment Services LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,101 shares of the company’s stock, valued at approximately $3,161,000.

A number of other hedge funds also recently bought and sold shares of AEP. Global Retirement Partners LLC purchased a new position in shares of American Electric Power during the second quarter worth approximately $3,788,000. 1ST Source Bank bought a new position in shares of American Electric Power during the 2nd quarter valued at $3,637,000. Alberta Investment Management Corp bought a new position in shares of American Electric Power during the 2nd quarter valued at $11,697,000. Fielder Capital Group LLC purchased a new position in American Electric Power in the 2nd quarter worth $249,000. Finally, Bank of New York Mellon Corp purchased a new position in American Electric Power in the 2nd quarter worth $495,495,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $125.60 on Monday. The company has a 50-day moving average price of $131.31 and a 200-day moving average price of $130.36. The stock has a market cap of $68.38 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. American Electric Power’s quarterly revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio is currently 65.18%.

Analyst Ratings Changes

AEP has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. JPMorgan Chase & Co. dropped their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Scotiabank raised their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.71.

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.