United Capital Financial Advisors LLC Takes Position in American Electric Power Company, Inc. $AEP

United Capital Financial Advisors LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,973 shares of the company’s stock, valued at approximately $3,417,000.

Other large investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its stake in shares of American Electric Power by 118.0% in the second 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 last quarter. Costello Asset Management INC raised its position in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Parvin Asset Management LLC acquired a new position in American Electric Power during the 2nd quarter worth about $27,000. Caitlin John LLC bought a new stake in American Electric Power in the second quarter valued at approximately $27,000. Finally, Activest Wealth Management boosted its stake in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AEP shares. Morgan Stanley lowered their target price on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. BMO Capital Markets cut their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Scotiabank increased their price target on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Truist Financial lowered their price objective on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Citigroup dropped their price objective on 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 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.19.

American Electric Power Stock Down 0.3%

American Electric Power stock opened at $122.31 on Friday. The company has a market capitalization of $66.59 billion, a PE ratio of 20.98, a PEG ratio of 2.24 and a beta of 0.52. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The firm’s fifty day moving average is $130.42 and its 200 day moving average is $130.57. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

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). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts predict 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. Stockholders of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

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.