NewEdge Advisors LLC Grows Holdings in American Electric Power Company, Inc. $AEP

NewEdge Advisors LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 32.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,934 shares of the company’s stock after acquiring an additional 25,167 shares during the quarter. NewEdge Advisors LLC’s holdings in American Electric Power were worth $13,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of American Electric Power by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 150,828 shares of the company’s stock worth $20,635,000 after buying an additional 4,496 shares during the last quarter. West Family Investments Inc. raised its stake in American Electric Power by 6.1% during the second quarter. West Family Investments Inc. now owns 2,316 shares of the company’s stock valued at $317,000 after buying an additional 133 shares during the last quarter. Waverly Advisors LLC boosted its holdings in American Electric Power by 392.3% in the second quarter. Waverly Advisors LLC now owns 185,178 shares of the company’s stock worth $25,334,000 after acquiring an additional 147,560 shares in the last quarter. Bank OZK boosted its holdings in American Electric Power by 1.5% in the second quarter. Bank OZK now owns 5,957 shares of the company’s stock worth $815,000 after acquiring an additional 90 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of American Electric Power by 3.7% in the second quarter. Empirical Finance LLC now owns 18,071 shares of the company’s stock worth $2,472,000 after acquiring an additional 641 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief accounting officer owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

American Electric Power Stock Performance

Shares of AEP opened at $123.33 on Friday. The firm has a market capitalization of $67.14 billion, a P/E ratio of 21.15, a PEG ratio of 2.61 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The business has a fifty day moving average of $127.97 and a 200 day moving average of $130.38.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.39 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. 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 research report on Thursday, June 18th. Citigroup reduced their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Truist Financial cut their price target 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, August 17th. Finally, Mizuho reduced their price target on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $140.19.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.