American Electric Power Company, Inc. $AEP Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 392.3% in the second quarter, Holdings Channel reports. The firm owned 185,178 shares of the company’s stock after purchasing an additional 147,560 shares during the period. Waverly Advisors LLC’s holdings in American Electric Power were worth $25,334,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on AEP. BMO Capital Markets cut their price objective on American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Barclays reduced their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Truist Financial decreased their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, LADENBURG THALM/SH SH dropped 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 note on Thursday, June 18th. 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, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $140.19.

Read Our Latest Analysis on AEP

American Electric Power Stock Up 0.7%

Shares of American Electric Power stock opened at $125.42 on Wednesday. The business has a 50-day moving average of $128.78 and a 200-day moving average of $130.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company has a market capitalization of $68.28 billion, a PE ratio of 21.51, a P/E/G ratio of 2.63 and a beta of 0.51. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58.

American Electric Power (NASDAQ:AEPGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. 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. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.39 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

American Electric Power Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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