Diversify Advisory Services LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,712 shares of the company's stock, valued at approximately $1,431,000.
Other institutional investors have also added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in American Electric Power during the second quarter worth $502,000. Oxbow Advisors LLC bought a new position in shares of American Electric Power in the 2nd quarter valued at about $4,607,000. Wealthfront Advisers LLC acquired a new position in shares of American Electric Power during the 2nd quarter worth about $17,286,000. Foster & Motley Inc. acquired a new position in shares of American Electric Power during the 2nd quarter worth about $388,000. Finally, Main Street Financial Solutions LLC increased its stake in shares of American Electric Power by 31.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,216 shares of the company's stock worth $303,000 after purchasing an additional 535 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Trading Down 0.1%
Shares of AEP stock opened at $126.27 on Thursday. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The company has a market capitalization of $68.74 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The firm has a 50 day moving average price of $131.23 and a two-hundred day moving average price of $130.51. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.
American Electric Power Announces Dividend
The company 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio is currently 65.18%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AEP. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research note on Monday, June 1st. Barclays lowered their price target on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research report on Monday, August 3rd. Truist Financial cut their price objective on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research report on Monday. Mizuho decreased their target price on American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. dropped their price target 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. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, American Electric Power currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.38.
View Our Latest Stock Analysis on American Electric Power
About American Electric Power
(
Free Report)
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.
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