OneDigital Investment Advisors LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,251 shares of the company's stock, valued at approximately $1,676,000.
Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its holdings in American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Costello Asset Management INC increased its stake in American Electric Power by 100.0% during the first 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. Activest Wealth Management raised its position in American Electric Power by 72.2% in 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. 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 valued at $26,000 after purchasing an additional 219 shares during the period. Finally, Union Savings Bank acquired a new position in shares of American Electric Power in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 75.24% of the company's stock.
American Electric Power Stock Performance
Shares of AEP opened at $125.60 on Monday. The company has a market capitalization of $68.38 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth 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. 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 50 day moving average price of $131.31 and a 200 day moving average price of $130.36.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its 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 company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.
American Electric Power Announces Dividend
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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power's dividend payout ratio is currently 65.18%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. BMO Capital Markets decreased their target price on American Electric Power from $141.00 to $139.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Seaport Research Partners upgraded American Electric Power from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Monday, April 20th. Mizuho reduced their price target on American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research note on Monday, June 1st. Finally, Wall Street Zen downgraded American Electric Power from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.71.
Check Out Our Latest Report on American Electric Power
American Electric Power Company Profile
(
Free Report)
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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Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

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