Flputnam Investment Management Co. Buys Shares of 19,154 American Electric Power Company, Inc. $AEP

Flputnam Investment Management Co. acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, HoldingsChannel reports. The firm acquired 19,154 shares of the company’s stock, valued at approximately $2,620,000.

A number of other large investors have also bought and sold shares of AEP. Brighton Jones LLC raised its holdings in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC grew its holdings in shares of American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after acquiring an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after buying an additional 105 shares during the last quarter. Finally, AXA S.A. raised its stake in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after buying an additional 38,684 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AEP. TD Cowen lifted their price target on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Scotiabank raised their price objective on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Monday, April 20th. Morgan Stanley boosted their price target on shares of American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group increased their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $140.71.

American Electric Power Stock Performance

Shares of AEP stock opened at $125.60 on Monday. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $131.31 and a 200-day moving average of $130.36. The firm has a market cap of $68.38 billion, a P/E ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly 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 return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the previous year, the company posted $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. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio 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.