Patrick Mauro Investment Advisor INC. Buys New Holdings in American Electric Power Company, Inc. $AEP

Patrick Mauro Investment Advisor INC. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,778 shares of the company’s stock, valued at approximately $3,937,000. American Electric Power comprises about 2.0% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Elevation Wealth Partners LLC lifted its position in shares of American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Costello Asset Management INC increased its holdings in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management increased its holdings in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the last quarter. Rakuten Securities Inc. raised its stake in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Finally, Union Savings Bank acquired a new stake in American Electric Power in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent analyst reports. Barclays decreased their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Scotiabank raised their price objective 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. Morgan Stanley boosted their price objective 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. Raymond James Financial restated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.38.

American Electric Power Stock Performance

NASDAQ:AEP opened at $126.27 on Thursday. The firm’s fifty day moving average price is $131.23 and its 200 day moving average price is $130.51. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. 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 firm has a market cap of $68.74 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.26 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 (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 analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 6.37 EPS 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. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) 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.