Callan Family Office LLC Makes New Investment in American Electric Power Company, Inc. $AEP

Callan Family Office LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,412 shares of the company's stock, valued at approximately $2,382,000.

A number of other institutional investors have also modified their holdings of the company. Essex Financial Services Inc. raised its holdings in shares of American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company's stock valued at $1,077,000 after buying an additional 75 shares during the period. Cornerstone Advisory LLC boosted its holdings in American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company's stock valued at $764,000 after acquiring an additional 75 shares during the period. Financial Enhancement Group LLC boosted its holdings in American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company's stock valued at $319,000 after acquiring an additional 76 shares during the period. Community Trust & Investment Co. grew its position in American Electric Power by 1.7% in the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company's stock valued at $647,000 after acquiring an additional 77 shares in the last quarter. Finally, J2 Capital Management Inc grew its position in American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company's stock valued at $537,000 after acquiring an additional 79 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a research note on Monday, June 1st. Wells Fargo & Company increased their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Finally, Citigroup decreased their price target on shares of 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus rating of "Moderate Buy" and an average price target of $140.19.

American Electric Power Price Performance

AEP stock opened at $120.94 on Friday. The business's 50-day moving average is $131.01 and its two-hundred day moving average is $130.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The firm has a market capitalization of $65.84 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.17 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year 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 analysts' consensus estimates 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 analyst estimates of $5.34 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The business's quarterly 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. Analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company 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 dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 10th. 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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