Csenge Advisory Group Invests $1.02 Million in American Electric Power Company, Inc. $AEP

Csenge Advisory Group purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, Holdings Channel reports. The firm purchased 7,446 shares of the company’s stock, valued at approximately $1,019,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after purchasing an additional 828,588 shares in the last quarter. BlackRock Inc. acquired a new position in shares of American Electric Power in the second quarter valued at approximately $6,980,601,000. State Street Corp increased its position in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after acquiring an additional 1,514,865 shares in the last quarter. Morgan Stanley increased its position in shares of American Electric Power by 1.9% during the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after acquiring an additional 271,879 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after acquiring an additional 83,285 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Down 0.1%

Shares of NASDAQ:AEP opened at $126.27 on Thursday. The business’s 50 day simple moving average is $131.23 and its 200 day simple moving average is $130.51. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. 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 capitalization of $68.74 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.26 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted 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 for 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%.American Electric Power’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given 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 is currently 65.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEP. JPMorgan Chase & Co. dropped their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Mizuho reduced their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. LADENBURG THALM/SH SH decreased 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 note on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Finally, Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.38.

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.