NewEdge Wealth LLC Buys Shares of 9,175 American Electric Power Company, Inc. $AEP

NewEdge Wealth LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,175 shares of the company’s stock, valued at approximately $1,255,000.

A number of other hedge funds have also added to or reduced their stakes in AEP. HITE Hedge Asset Management LLC bought a new position in American Electric Power during the 4th quarter worth about $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of American Electric Power by 2.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock worth $33,869,000 after purchasing an additional 8,302 shares in the last quarter. Vanguard Group Inc. increased its position in American Electric Power by 1.6% during 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 in the last quarter. Dockside LLC purchased a new position in shares of American Electric Power in the 4th quarter valued at approximately $1,912,000. Finally, BlackRock Inc. purchased a new position in shares of American Electric Power in the second quarter worth $6,980,601,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Down 3.8%

Shares of AEP opened at $120.94 on Friday. The company’s 50-day moving average price is $131.01 and its 200 day moving average price is $130.48. The firm has a market cap of $65.84 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share 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 company 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 business posted $1.43 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast 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 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AEP shares. Scotiabank lifted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Raymond James Financial reissued an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Wells Fargo & Company increased their target price on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Mizuho reduced their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $140.19.

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.