Equitable Holdings Inc. Buys Shares of 32,200 American Electric Power Company, Inc. $AEP

Key Points

• Equitable Holdings initiated a position in American Electric Power, purchasing 32,200 shares valued at approximately $4.4 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, 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 declared a quarterly dividend of $0.95, representing a 3.1% yield.

Equitable Holdings Inc. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,200 shares of the company's stock, valued at approximately $4,405,000.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in shares of American Electric Power by 72.2% during 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 during the period. Costello Asset Management INC increased its stake in American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after buying an additional 100 shares during the period. Legacy Wealth Managment LLC ID increased its stake in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock worth $27,000 after buying an additional 154 shares during the period. Basepoint Wealth LLC bought a new stake in American Electric Power during the 4th quarter valued at about $27,000. Finally, Union Savings Bank purchased a new stake in American Electric Power in the 4th quarter valued at about $27,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AEP. Wall Street Zen downgraded shares of American Electric Power from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. TD Cowen boosted their price target on American Electric Power from $141.00 to $148.00 and gave the company a "buy" rating in a report on Friday, May 15th. Wells Fargo & Company increased their price objective on American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH decreased their target price on American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Finally, Truist Financial lowered their target price on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a report on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.19.

American Electric Power Trading Down 0.5%

NASDAQ AEP opened at $122.71 on Friday. 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 50 day moving average price of $130.53 and a 200 day moving average price of $130.63. 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 PE ratio of 21.05, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.

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 forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend 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%.

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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