Shah Wealth Advisors LLC Takes Position in American Electric Power Company, Inc. $AEP

Shah Wealth Advisors LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,669 shares of the company’s stock, valued at approximately $639,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Costello Asset Management INC grew its stake in American Electric Power by 100.0% in 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 in the last quarter. Legacy Wealth Managment LLC ID boosted its holdings in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at approximately $27,000. Union Savings Bank bought a new position in American Electric Power in the fourth quarter worth approximately $27,000. Finally, Elevation Wealth Partners LLC increased its holdings in American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.2%

Shares of AEP stock opened at $124.50 on Friday. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The stock’s fifty day moving average price is $129.28 and its 200 day moving average price is $130.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company has a market cap of $67.78 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share 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. Investors of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 65.18%.

Analysts Set New Price Targets

AEP has been the subject of several research reports. Morgan Stanley lowered their target price on American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Jefferies Financial Group lifted their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Barclays dropped their target price on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Truist Financial reduced their price target on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Citigroup dropped their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. 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 has a consensus rating of “Moderate Buy” and an average price target of $140.19.

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.