Bellars Harris Wealth Management LLC Purchases New Shares in American Electric Power Company, Inc. $AEP

Key Points

• Bellars Harris Wealth Management purchased 75,847 shares of American Electric Power worth approximately $10.4 million, making AEP its eighth-largest holding at 2.1% of the portfolio. Institutional investors collectively own 75.24% of the company.
• AEP reported quarterly EPS of $1.36, missing the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company provided fiscal 2026 EPS guidance of $6.25–$6.55.
• AEP declared a quarterly dividend of $0.95 per share, equivalent to a $3.80 annualized payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $140.71, versus a recent share price of $125.60.

Bellars Harris Wealth Management LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 75,847 shares of the company's stock, valued at approximately $10,377,000. American Electric Power comprises 2.1% of Bellars Harris Wealth Management LLC's portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in AEP. Brighton Jones LLC lifted its stake 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 acquiring an additional 1,095 shares during the last quarter. Acadian Asset Management LLC bought a new position in American Electric Power in the 1st quarter valued at $320,000. Sivia Capital Partners LLC grew its position in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company's stock valued at $507,000 after acquiring an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company's stock worth $260,000 after purchasing an additional 105 shares during the period. Finally, AXA S.A. increased its stake in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company's stock worth $8,209,000 after purchasing an additional 38,684 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 0.2%

NASDAQ:AEP opened at $125.60 on Friday. The stock has a market capitalization of $68.38 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52. 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. The firm has a 50 day moving average of $131.31 and a 200 day moving average of $130.27.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.American Electric Power's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power's payout ratio is 65.18%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 15th. Truist Financial lifted their price objective on shares of American Electric Power from $145.00 to $146.00 and gave the company a "buy" rating in a report on Friday, July 17th. Jefferies Financial Group upped their target price 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. Mizuho reduced their target price 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. Finally, Wall Street Zen lowered shares of American Electric Power from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.71.

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.

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