Meeder Asset Management Inc. Raises Holdings in American Electric Power Company, Inc. $AEP

Meeder Asset Management Inc. increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 24.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,069 shares of the company’s stock after acquiring an additional 6,002 shares during the period. Meeder Asset Management Inc.’s holdings in American Electric Power were worth $3,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Costello Asset Management INC grew its stake in shares of American Electric Power by 100.0% during 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 during the period. Activest Wealth Management lifted its stake in shares of American Electric Power by 72.2% in 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 during the period. Rakuten Securities Inc. boosted its holdings in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 shares in the last quarter. Optima Capital LLC purchased a new stake in American Electric Power during the fourth quarter worth $26,000. Finally, Union Savings Bank acquired a new stake in shares of American Electric Power during the 4th quarter valued at about $27,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AEP shares. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, April 20th. Truist Financial lifted their price target on American Electric Power from $145.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen boosted their price target on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Morgan Stanley increased their price objective on American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.52.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $132.14 on Monday. The stock has a market cap of $71.90 billion, a PE ratio of 19.40, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. 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 50-day moving average of $131.28 and a 200 day moving average of $128.71.

American Electric Power (NASDAQ:AEP) last released its earnings results 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. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s payout ratio is 55.80%.

American Electric Power 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.