Ceredex Value Advisors LLC Makes New $51.52 Million Investment in American Electric Power Company, Inc. $AEP

Ceredex Value Advisors LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 376,550 shares of the company's stock, valued at approximately $51,516,000. American Electric Power comprises approximately 1.5% of Ceredex Value Advisors LLC's portfolio, making the stock its 2nd biggest position. Ceredex Value Advisors LLC owned approximately 0.07% of American Electric Power as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AEP. Oxford Financial Group LTD. LLC bought a new position in shares of American Electric Power during the 2nd quarter valued at approximately $1,208,000. Portfolio Design Labs LLC bought a new stake in shares of American Electric Power in the 2nd quarter worth approximately $372,000. Ninepoint Partners LP bought a new stake in shares of American Electric Power in the 2nd quarter worth approximately $1,592,000. Advisors Capital Management LLC purchased a new position in American Electric Power in the second quarter valued at approximately $1,050,000. Finally, MJP Associates Inc. ADV purchased a new position in American Electric Power in the second quarter valued at approximately $426,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AEP shares. Barclays decreased their target price on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating for the company in a research report on Monday, August 3rd. TD Cowen upped their price target on American Electric Power from $141.00 to $148.00 and gave the company a "buy" rating in a research report on Friday, May 15th. BMO Capital Markets cut their price target on American Electric Power from $141.00 to $139.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Raymond James Financial restated an "outperform" rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Finally, Citigroup dropped their price objective on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.38.

American Electric Power Trading Down 0.5%

Shares of AEP stock opened at $125.70 on Friday. The stock has a market capitalization of $68.43 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.26 and a beta of 0.52. The company's fifty day simple moving average is $131.18 and its two-hundred day simple moving average is $130.55. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the business earned $1.43 earnings per share. American Electric Power's revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power's dividend payout ratio is currently 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.

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