Archer Investment Corp Purchases Shares of 14,699 American Electric Power Company, Inc. $AEP

Key Points

• Archer Investment Corp acquired 14,699 shares of American Electric Power during the second quarter, valued at approximately $2.0 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 $140.19, although several firms recently reduced their targets.
• AEP reported quarterly earnings of $1.36 per share, below the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company declared a $0.95 quarterly dividend, representing a 3.1% annualized yield.

Archer Investment Corp acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,699 shares of the company's stock, valued at approximately $2,011,000.

Other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC increased its position in American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Costello Asset Management INC grew its stake in 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 purchasing an additional 100 shares during the period. Parvin Asset Management LLC bought a new position in shares of American Electric Power during the 2nd quarter worth about $27,000. Caitlin John LLC bought a new stake in shares of American Electric Power during the second quarter worth about $27,000. Finally, Activest Wealth Management lifted its holdings 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 valued at $25,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays lowered their target price on 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. LADENBURG THALM/SH SH cut 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 research note on Thursday, June 18th. Wall Street Zen cut shares of American Electric Power from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Citigroup decreased their target price on American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Finally, Mizuho cut their price objective on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.19.

American Electric Power Stock Down 0.3%

Shares of NASDAQ:AEP opened at $122.31 on Friday. The company has a market cap of $66.59 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.24 and a beta of 0.52. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $130.42 and a 200 day moving average price of $130.57.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $5.45 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current 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 issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio is presently 65.18%.

American Electric Power 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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source