Shah Wealth Advisors LLC Makes New $639,000 Investment in American Electric Power Company, Inc. $AEP

Shah Wealth Advisors LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,669 shares of the company’s stock, valued at approximately $639,000.

Several other institutional investors have also recently modified their holdings of the company. Costello Asset Management INC boosted its position 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. Legacy Wealth Managment LLC ID boosted its holdings in shares of American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the 4th quarter valued at $27,000. Union Savings Bank acquired a new stake in shares of American Electric Power in the fourth quarter worth $27,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Trading Down 0.2%

Shares of AEP stock opened at $124.50 on Friday. 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 market cap of $67.78 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.64 and a beta of 0.51. 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 stock has a 50 day simple moving average of $129.28 and a 200-day simple moving average of $130.55.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts expect that American Electric Power Company, Inc. will post 6.39 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Mizuho decreased 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. Jefferies Financial Group increased their price target on American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. TD Cowen boosted their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. LADENBURG THALM/SH SH lowered their target price on 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. Finally, Truist Financial dropped their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently 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.