Haverford Trust Co Buys Shares of 123,463 American Electric Power Company, Inc. $AEP

Key Points

• Haverford Trust acquired 123,463 shares of American Electric Power in the second quarter, worth approximately $16.9 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 Morgan Stanley lowering its target to $135.
• 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 per share, representing a 3.1% yield.

Haverford Trust Co bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 123,463 shares of the company's stock, valued at approximately $16,891,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in shares of American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Costello Asset Management INC increased its position in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management lifted its stake in American Electric Power by 72.2% in the 4th 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 last quarter. Rakuten Securities Inc. boosted its position in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock valued at $26,000 after buying an additional 219 shares in the last quarter. Finally, Union Savings Bank acquired a new stake in American Electric Power in the fourth quarter valued at approximately $27,000. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several research analyst reports. Wells Fargo & Company upped their price target 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. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a report on Monday, June 1st. Raymond James Financial restated an "outperform" rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. TD Cowen upped their target price on American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Finally, Morgan Stanley dropped their target price on American Electric Power from $139.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $140.19.

American Electric Power Trading Down 3.8%

Shares of NASDAQ AEP opened at $120.94 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The firm has a 50 day moving average price of $131.01 and a two-hundred day moving average price of $130.48. The stock has a market cap of $65.84 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.17 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 business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power's revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is currently 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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