Allen Mooney & Barnes Investment Advisors LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,926 shares of the company's stock after selling 10,358 shares during the quarter. American Electric Power comprises 3.0% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its 6th biggest position. Allen Mooney & Barnes Investment Advisors LLC's holdings in American Electric Power were worth $19,554,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of AEP. Brighton Jones LLC increased its holdings in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new position in American Electric Power in the first quarter valued at about $320,000. Sivia Capital Partners LLC boosted its stake in American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company's stock worth $507,000 after buying an additional 2,931 shares during the period. Gamco Investors INC. ET AL increased its position in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company's stock valued at $260,000 after acquiring an additional 105 shares during the last quarter. Finally, AXA S.A. increased its position in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company's stock valued at $8,209,000 after acquiring an additional 38,684 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.
American Electric Power Price Performance
American Electric Power stock opened at $124.71 on Friday. The firm has a market cap of $67.89 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.62 and a beta of 0.51. The company's 50 day moving average is $129.57 and its two-hundred day moving average is $130.59. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-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 earnings per share 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 company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. During the same quarter last year, the company earned $1.43 EPS. American Electric Power's revenue for the quarter 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, research analysts expect that American Electric Power Company, Inc. will post 6.38 EPS for the current fiscal year.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is presently 65.18%.
Wall Street Analysts Forecast Growth
AEP has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. LADENBURG THALM/SH SH dropped their target price 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. Raymond James Financial restated an "outperform" rating and set a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. Truist Financial lowered their price target on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a research note on Thursday, August 27th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.19.
View Our Latest Stock Analysis on American Electric Power
American Electric Power Profile
(
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.
See Also
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