Ancora Advisors LLC Buys Shares of 10,862 American Electric Power Company, Inc. $AEP

Key Points

• Ancora Advisors acquired 10,862 shares of American Electric Power worth approximately $1.49 million, while institutional investors collectively own 75.24% of the company.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $140.19, despite some recent target-price reductions.
• 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 also declared a quarterly dividend of $0.95 per share, representing a 3.1% annualized yield.

Ancora Advisors LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,862 shares of the company's stock, valued at approximately $1,486,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after buying an additional 91 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after buying an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its stake in shares of 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 acquiring an additional 154 shares during the last quarter. Basepoint Wealth LLC bought a new position in shares of American Electric Power in the 4th quarter valued at $27,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at $27,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AEP. Wall Street Zen lowered American Electric Power from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Morgan Stanley dropped their target price on American Electric Power from $139.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. JPMorgan Chase & Co. cut 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. Jefferies Financial Group boosted their price target on American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Finally, Truist Financial lowered their price objective on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Thirteen 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.19.

American Electric Power Price Performance

AEP stock opened at $122.71 on Friday. 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 firm has a market cap of $66.80 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.25 and a beta of 0.52. The company's fifty day simple moving average is $130.53 and its 200 day simple moving average is $130.63. 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 announced its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is presently 65.18%.

American Electric Power Company Profile

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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