Patrick Mauro Investment Advisor INC. Invests $3.94 Million in American Electric Power Company, Inc. $AEP

Patrick Mauro Investment Advisor INC. purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,778 shares of the company’s stock, valued at approximately $3,937,000. American Electric Power comprises approximately 2.0% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after buying an additional 828,588 shares during the period. BlackRock Inc. purchased a new position in American Electric Power during the second quarter worth about $6,980,601,000. State Street Corp increased its position in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after acquiring an additional 1,514,865 shares during the last quarter. Morgan Stanley increased its position in shares of American Electric Power by 1.9% during the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after acquiring an additional 271,879 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of American Electric Power by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after acquiring an additional 83,285 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $126.27 on Thursday. 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 Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The stock has a market capitalization of $68.74 billion, a PE ratio of 21.66, a P/E/G ratio of 2.26 and a beta of 0.52. The firm has a 50 day moving average of $131.23 and a two-hundred day moving average of $130.51.

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 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 business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the firm earned $1.43 EPS. The business’s revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is presently 65.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AEP shares. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Truist Financial dropped their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley boosted their target price on American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Mizuho decreased their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.38.

American Electric Power Profile

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.