NewEdge Advisors LLC Grows Position in American Electric Power Company, Inc. $AEP

Key Points

• NewEdge Advisors increased its AEP position by 32.8% in the second quarter, bringing its holdings to 101,934 shares valued at approximately $13.95 million. Institutional investors collectively own 75.24% of AEP.
• AEP’s analyst outlook remains positive, with a consensus rating of “Moderate Buy” and an average price target of $140.19, despite several firms recently reducing their targets.
• 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 maintains a quarterly dividend of $0.95, equivalent to a 3.1% annualized yield.

NewEdge Advisors LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 32.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,934 shares of the company's stock after acquiring an additional 25,167 shares during the quarter. NewEdge Advisors LLC's holdings in American Electric Power were worth $13,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AEP. Elevation Wealth Partners LLC grew its stake in American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock worth $27,000 after buying an additional 105 shares in the last quarter. Costello Asset Management INC lifted its holdings 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. Parvin Asset Management LLC purchased a new position in American Electric Power in the second quarter worth $27,000. Caitlin John LLC bought a new position in American Electric Power in the second quarter valued at $27,000. Finally, Union Savings Bank bought a new position in American Electric Power in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief accounting officer directly owned 15,856 shares of the company's stock, valued at approximately $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research reports. BMO Capital Markets lowered their price target on American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Jefferies Financial Group increased their price objective on American Electric Power from $147.00 to $154.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. LADENBURG THALM/SH SH decreased their price objective on American Electric Power from $148.00 to $143.00 and set a "buy" rating on the stock in a report on Thursday, June 18th. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Thursday, August 27th. Finally, Truist Financial cut their target price on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.19.

American Electric Power Stock Down 0.1%

Shares of American Electric Power stock opened at $123.33 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 company's 50 day moving average price is $127.97 and its 200-day moving average price is $130.38. The stock has a market capitalization of $67.14 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.61 and a beta of 0.51.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm 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%. The business's revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.39 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were issued a $0.95 dividend. The ex-dividend date was Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power's payout ratio is 65.18%.

About American Electric Power

American Electric Power Company, Inc NASDAQ: AEP is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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