Trajan Wealth LLC Acquires New Stake in American Electric Power Company, Inc. $AEP

Trajan Wealth LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,225 shares of the company’s stock, valued at approximately $8,513,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new position in American Electric Power during the 2nd quarter worth about $74,000. Manning & Napier Advisors LLC bought a new stake in shares of American Electric Power in the second quarter valued at about $54,000. L2 Asset Management LLC bought a new stake in shares of American Electric Power in the second quarter valued at about $477,000. McDonough Capital Management Inc acquired a new position in shares of American Electric Power during the second quarter worth about $379,000. Finally, Aberdeen Wealth Management LLC acquired a new position in shares of American Electric Power during the second quarter worth about $624,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AEP shares. TD Cowen lifted their target price on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. LADENBURG THALM/SH SH reduced their price target on 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. Jefferies Financial Group raised their price target on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Mizuho lowered their price objective on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Scotiabank boosted their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Thirteen equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Price Performance

NASDAQ:AEP opened at $121.98 on Tuesday. 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 stock’s 50-day simple moving average is $130.86 and its 200 day simple moving average is $130.58. The company has a market cap of $66.41 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.17 and a beta of 0.52. 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 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS 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. Stockholders of record on Monday, August 10th will be issued 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 is presently 65.18%.

American Electric Power 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.