Jones Financial Companies Lllp Buys Shares of 9,133 American Electric Power Company, Inc. $AEP

Jones Financial Companies Lllp purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,133 shares of the company’s stock, valued at approximately $1,249,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management lifted its stake in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Costello Asset Management INC boosted its holdings in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Legacy Wealth Managment LLC ID grew its position in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares in the last quarter. Basepoint Wealth LLC acquired a new position in American Electric Power in the 4th quarter valued at about $27,000. Finally, Union Savings Bank purchased a new stake in American Electric Power during the fourth quarter worth about $27,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEP has been the topic of several research reports. Jefferies Financial Group increased 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 report on Wednesday, July 1st. TD Cowen upped their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Mizuho reduced their target price 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. Morgan Stanley decreased their price target on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Stock Up 0.9%

AEP stock opened at $121.98 on Tuesday. The company’s 50 day moving average price is $130.86 and its 200 day moving average price is $130.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. 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 market capitalization of $66.41 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.17 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business earned $1.43 EPS. The firm’s revenue 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. On average, equities 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 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 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.