Silvant Capital Management LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,653 shares of the company's stock, valued at approximately $2,278,000.
Several other large investors have also recently bought and sold shares of the stock. Activest Wealth Management grew its stake 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 in the last quarter. Rakuten Securities Inc. raised its stake in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC boosted its holdings in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company's stock valued at $26,000 after buying an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID raised its position in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock worth $27,000 after acquiring an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in American Electric Power in the fourth quarter valued at $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on AEP. Scotiabank lifted their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 6th. Morgan Stanley boosted 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. Mizuho dropped their price objective on American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Citigroup cut their price objective on American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Finally, Truist Financial reduced 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.38.
Read Our Latest Research Report on AEP
American Electric Power Stock Performance
Shares of AEP stock opened at $125.70 on Friday. The company has a market capitalization of $68.43 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.26 and a beta of 0.52. 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 company has a 50-day simple moving average of $131.18 and a 200 day simple moving average of $130.55. 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 results on Thursday, July 30th. The company reported $1.36 earnings per share 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 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 firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power's dividend payout ratio is presently 65.18%.
About American Electric Power
(
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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