Diversify Advisory Services LLC Acquires Shares of 10,712 American Electric Power Company, Inc. $AEP

Diversify Advisory Services LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 10,712 shares of the company’s stock, valued at approximately $1,431,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of American Electric Power by 11.5% in 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 in the last quarter. Acadian Asset Management LLC acquired a new stake in American Electric Power in the first quarter valued at about $320,000. Sivia Capital Partners LLC grew its position in American Electric Power by 149.5% in the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after acquiring an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in 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 worth $260,000 after acquiring an additional 105 shares in the last quarter. Finally, AXA S.A. lifted its holdings in shares of American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after acquiring an additional 38,684 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ:AEP opened at $126.27 on Thursday. The stock’s 50-day moving average is $131.23 and its 200-day moving average 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 current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The stock has a market cap of $68.74 billion, a P/E 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 issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the business earned $1.43 EPS. 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. Equities research analysts anticipate 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 paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is presently 65.18%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEP. 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 report on Thursday, June 18th. TD Cowen raised their target price on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group boosted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company upped their price target on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.38.

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.