Maloon Powers Pitre Higgins & Dennehy LLC Acquires Shares of 4,895 American Electric Power Company, Inc. $AEP

Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,895 shares of the company’s stock, valued at approximately $670,000.

Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC raised its position in American Electric Power by 118.0% in the 2nd 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 period. Costello Asset Management INC boosted its position in shares of 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. Parvin Asset Management LLC purchased a new position in shares of American Electric Power during the second quarter valued at approximately $27,000. Caitlin John LLC bought a new position in shares of American Electric Power during the second quarter valued at approximately $27,000. Finally, Union Savings Bank bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $27,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.2%

Shares of NASDAQ AEP opened at $124.50 on Friday. 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 capitalization of $67.78 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.64 and a beta of 0.51. The stock has a 50 day moving average price of $129.28 and a 200 day moving average price of $130.55. 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 released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio is presently 65.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho decreased their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price objective 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. Citigroup reduced their target price 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. Truist Financial decreased their target price 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, 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. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $140.19.

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.