Johnson Financial Group Inc. Acquires Shares of 29,849 American Electric Power Company, Inc. $AEP

Johnson Financial Group Inc. bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,849 shares of the company’s stock, valued at approximately $4,084,000.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. raised its holdings in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC lifted its position in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Legacy Wealth Managment LLC ID lifted its position in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $27,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1%

NASDAQ:AEP opened at $126.27 on Thursday. 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 firm has a market cap 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 Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The firm has a 50-day simple moving average of $131.23 and a two-hundred day simple moving average of $130.51.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The company’s quarterly revenue 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. 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 firm also recently announced 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 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley boosted their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Truist Financial cut their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Monday. LADENBURG THALM/SH SH cut their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Finally, Jefferies Financial Group lifted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.38.

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.