Meeder Asset Management Inc. Takes Position in American Electric Power Company, Inc. $AEP

Key Points

• Meeder Asset Management acquired 9,183 shares of American Electric Power worth approximately $1.26 million, while institutional investors collectively own 75.24% of AEP.
• Analysts maintain a “Moderate Buy” consensus, with 13 Buy ratings and nine Holds and an average price target of $140.38, above the reported share price of $126.35.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, despite revenue of $5.45 billion exceeding expectations. The company declared a quarterly dividend of $0.95 per share, representing a 3.0% yield.

Meeder Asset Management Inc. 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,183 shares of the company's stock, valued at approximately $1,256,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AEP. Activest Wealth Management grew its position in 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 buying an additional 91 shares during the period. Rakuten Securities Inc. raised 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 worth $26,000 after acquiring an additional 219 shares during the period. Costello Asset Management INC boosted its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock valued at $27,000 after acquiring an additional 154 shares during the period. Finally, Basepoint Wealth LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AEP shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a report on Monday, June 1st. Morgan Stanley upped their price target on American Electric Power from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. Barclays decreased their price objective on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Finally, Scotiabank increased their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.38.

American Electric Power Trading Down 0.1%

Shares of AEP stock opened at $126.35 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The stock has a fifty day simple moving average of $131.28 and a two-hundred day simple moving average of $130.46. The firm has a market capitalization of $68.78 billion, a PE ratio of 21.67, a PEG ratio of 2.25 and a beta of 0.52. 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 released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share 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 business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the company earned $1.43 EPS. The business'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. On average, analysts predict 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. 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend 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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