Maloon Powers Pitre Higgins & Dennehy LLC Acquires New Position in American Electric Power Company, Inc. $AEP

Maloon Powers Pitre Higgins & Dennehy LLC acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,895 shares of the company’s stock, valued at approximately $670,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares during the period. Acadian Asset Management LLC purchased a new stake in American Electric Power during the 1st quarter valued at approximately $320,000. Sivia Capital Partners LLC grew its holdings 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 valued at $507,000 after buying an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after buying an additional 105 shares during the last quarter. Finally, AXA S.A. raised its position in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after buying an additional 38,684 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AEP shares. TD Cowen upped their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Barclays reduced 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. LADENBURG THALM/SH SH decreased their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.19.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $124.50 on Friday. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The stock has a market capitalization of $67.78 billion, a P/E ratio of 21.36, a PEG ratio of 2.64 and a beta of 0.51. The firm has a fifty day simple moving average of $129.28 and a two-hundred day simple moving average of $130.55. 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 announced its 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). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm’s quarterly 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. On average, analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.95 dividend. 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 (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.