Meeder Advisory Services Inc. acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,804 shares of the company's stock, valued at approximately $2,025,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Activest Wealth Management lifted its position in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company's stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. grew its position in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC grew its position in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID increased its stake in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock valued at $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC acquired a new position in American Electric Power in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 75.24% of the company's stock.
American Electric Power Price Performance
NASDAQ AEP opened at $126.35 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The stock 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 50 day moving average price of $131.28 and a two-hundred day moving average price of $130.46. 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 - 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). 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 the consensus estimate of $5.34 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The business's revenue 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, equities analysts predict that American Electric Power Company, Inc. will post 6.37 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. Investors of record on Monday, August 10th will be issued a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power's dividend payout ratio is currently 65.18%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AEP. Truist Financial decreased their target price on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research note on Monday. TD Cowen upped their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Wall Street Zen lowered American Electric Power from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Barclays reduced their price objective on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating for the company in a research report on Monday, August 3rd. Finally, BMO Capital Markets lowered their target price on American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $140.38.
Read Our Latest Stock Report 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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