7,446 Shares in American Electric Power Company, Inc. $AEP Purchased by Csenge Advisory Group

Csenge Advisory Group purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,446 shares of the company’s stock, valued at approximately $1,019,000.

A number of other institutional investors also recently made changes to their positions in the stock. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. grew its stake 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 worth $26,000 after purchasing an additional 219 shares during the last quarter. Costello Asset Management INC raised its holdings 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its stake in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in American Electric Power during the fourth quarter valued at approximately $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AEP. Scotiabank raised their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Barclays cut their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. 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. TD Cowen raised their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, LADENBURG THALM/SH SH lowered 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. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $140.38.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $126.27 on Thursday. The business has a 50 day moving average price of $131.23 and a 200 day moving average price of $130.51. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The company has a market cap of $68.74 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.26 and a beta of 0.52. 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 (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for 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 company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

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 given a $0.95 dividend. 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 presently 65.18%.

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.