Allworth Financial LP Purchases New Shares in American Electric Power Company, Inc. $AEP

Key Points

• Allworth Financial acquired 29,187 shares of American Electric Power during the second quarter, worth approximately $3.99 million. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a “Moderate Buy” consensus on AEP, with an average price target of $140.38. Thirteen analysts rate the stock a Buy, while nine assign a Hold rating.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, despite revenue of $5.45 billion exceeding expectations. The company declared a quarterly dividend of $0.95, equal to a 3.0% annualized yield.

Allworth Financial LP acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 29,187 shares of the company's stock, valued at approximately $3,993,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. HITE Hedge Asset Management LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at approximately $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in American Electric Power by 2.9% in 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 shares of American Electric Power by 1.6% during the fourth 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 last quarter. Dockside LLC bought a new stake in American Electric Power during the 4th quarter valued at $1,912,000. Finally, Barclays PLC raised its stake in shares of American Electric Power by 0.5% during the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company's stock valued at $1,225,381,000 after purchasing an additional 57,807 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AEP shares. Wells Fargo & Company increased their target price on shares of American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Monday, June 1st. Jefferies Financial Group upped their price target on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a report on Thursday, June 18th. Finally, Barclays lowered their price objective on shares of American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.38.

American Electric Power Trading Down 0.5%

Shares of AEP stock opened at $125.70 on Friday. The stock has a 50-day simple moving average of $131.18 and a 200 day simple moving average of $130.55. The stock has a market capitalization of $68.43 billion, a P/E ratio of 21.56, a P/E/G ratio of 2.26 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 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 issued its quarterly 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 quarter last year, the firm posted $1.43 earnings per share. American Electric Power's 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. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power's payout ratio is 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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