Flputnam Investment Management Co. Takes Position in American Electric Power Company, Inc. $AEP

Key Points

• Flputnam Investment Management acquired 19,154 shares of American Electric Power worth approximately $2.62 million in the second quarter. Institutional investors and hedge funds collectively own 75.24% of AEP.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $140.71, compared with AEP’s reported opening price of $125.60.
• AEP reported quarterly earnings of $1.36 per share, below the $1.48 consensus estimate, although revenue rose 7% year over year to $5.45 billion. The company also declared a quarterly dividend of $0.95, equivalent to a 3.0% annualized yield.

Flputnam Investment Management Co. acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,154 shares of the company's stock, valued at approximately $2,620,000.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEP. Barclays reduced their price objective 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. Scotiabank increased their target price on American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 6th. Morgan Stanley raised their target price on American Electric Power from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Raymond James Financial reissued an "outperform" rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Finally, BMO Capital Markets lowered their price target on shares of American Electric Power from $141.00 to $139.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, American Electric Power has an average rating of "Moderate Buy" and a consensus price target of $140.71.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $125.60 on Monday. 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 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. The stock's fifty day simple moving average is $131.31 and its 200 day simple moving average is $130.36. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The company's revenue for the quarter 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, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power's dividend payout ratio is presently 65.18%.

American Electric Power Company 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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