126,353 Shares in American Electric Power Company, Inc. $AEP Bought by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers purchased 126,353 shares of American Electric Power during the second quarter, valued at approximately $17.3 million. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $140.38. Recent targets range from $135 to $148.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company declared a quarterly dividend of $0.95 per share, yielding about 3.0% annually.

Wealthfront Advisers LLC purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 126,353 shares of the company's stock, valued at approximately $17,286,000.

Several other institutional investors have also bought and sold shares of AEP. HITE Hedge Asset Management LLC purchased a new position in shares of American Electric Power in the 4th quarter worth approximately $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of American Electric Power by 2.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company's stock valued at $33,869,000 after purchasing an additional 8,302 shares during the last quarter. Vanguard Group Inc. raised its holdings in American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company's stock valued at $6,053,417,000 after buying an additional 828,588 shares during the period. Dockside LLC purchased a new stake in American Electric Power during the 4th quarter valued at $1,912,000. Finally, Barclays PLC lifted its position in American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company's stock worth $1,225,381,000 after buying an additional 57,807 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several recent analyst reports. Mizuho dropped their price objective on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Morgan Stanley raised their target price on shares of American Electric Power from $136.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a research note on Monday, June 1st. JPMorgan Chase & Co. cut their price target on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 15th. Finally, TD Cowen increased their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.38.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $126.35 on Wednesday. The stock's fifty day moving average is $131.28 and its two-hundred day moving average is $130.46. The company has a market capitalization of $68.78 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. 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 Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.34 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is currently 65.18%.

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.

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