123,463 Shares in American Electric Power Company, Inc. $AEP Acquired by Haverford Trust Co

Haverford Trust Co bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,463 shares of the company’s stock, valued at approximately $16,891,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEP. Activest Wealth Management raised its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of American Electric Power by 7,300.0% in the 4th 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 last quarter. Costello Asset Management INC boosted its stake 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 purchasing an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID increased its position in shares of 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 buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $27,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Scotiabank increased their price target on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Finally, LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.19.

American Electric Power Stock Down 3.8%

American Electric Power stock opened at $120.94 on Friday. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The firm has a market capitalization of $65.84 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. The firm’s fifty day moving average price is $131.01 and its two-hundred day moving average price is $130.48. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 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 return on equity of 9.95% and a net margin of 13.78%.The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s payout ratio is 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.