American Electric Power Company, Inc. $AEP Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 43.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,767 shares of the company’s stock after purchasing an additional 23,384 shares during the period. NewEdge Advisors LLC’s holdings in American Electric Power were worth $10,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Nebraska Trust Co bought a new position in American Electric Power in the first quarter worth about $209,000. Financial Solutions Advisory Group Inc. bought a new position in shares of American Electric Power during the first quarter valued at approximately $254,000. Cozad Asset Management Inc. raised its position in shares of American Electric Power by 3.8% during the 1st quarter. Cozad Asset Management Inc. now owns 2,338 shares of the company’s stock worth $306,000 after purchasing an additional 85 shares during the period. Allen Capital Group LLC raised its position in shares of American Electric Power by 2.3% during the 1st quarter. Allen Capital Group LLC now owns 40,236 shares of the company’s stock worth $5,274,000 after purchasing an additional 897 shares during the period. Finally, Security Financial Services INC. lifted its holdings in shares of American Electric Power by 4.9% in the 1st quarter. Security Financial Services INC. now owns 2,207 shares of the company’s stock worth $289,000 after purchasing an additional 104 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

American Electric Power stock opened at $125.73 on Monday. The stock has a market cap of $68.45 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $131.55 and its two-hundred day moving average price is $130.13. 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) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 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 prior year, the company posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 65.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group raised their target price on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley boosted their price target on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. LADENBURG THALM/SH SH lowered their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Finally, TD Cowen increased their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.71.

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.