American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $140.58 and last traded at $140.2780, with a volume of 695098 shares trading hands. The stock had previously closed at $135.98.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AEP. The Goldman Sachs Group boosted their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. TD Cowen increased their target price on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Truist Financial cut their price target on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Citigroup boosted their price target on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group upped their price objective on 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 research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.38.
Check Out Our Latest Report on American Electric Power
American Electric Power Stock Down 1.2%
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the firm earned $1.54 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.
American Electric Power Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s payout ratio is presently 55.80%.
Hedge Funds Weigh In On American Electric Power
Several hedge funds and other institutional investors have recently modified their holdings of AEP. Activest Wealth Management raised its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Optima Capital LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at $26,000. Rakuten Securities Inc. increased its position in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Costello Asset Management INC increased its position in shares of American Electric Power by 100.0% in 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. Finally, Legacy Wealth Managment LLC ID raised its stake 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 worth $27,000 after acquiring an additional 154 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Company 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.
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