OneAscent Financial Services LLC Invests $828,000 in American Electric Power Company, Inc. $AEP

OneAscent Financial Services LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,056 shares of the company’s stock, valued at approximately $828,000.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in 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 acquiring an additional 91 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Costello Asset Management INC grew its holdings 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 in the last quarter. Legacy Wealth Managment LLC ID grew its holdings in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new position in shares of American Electric Power in the fourth quarter worth $27,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $125.70 on Friday. The stock has a market capitalization of $68.43 billion, a PE ratio of 21.56, a PEG ratio of 2.26 and a beta of 0.52. The business’s 50 day simple moving average is $131.18 and its 200 day simple moving average is $130.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58.

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 the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

Analyst Ratings Changes

AEP has been the subject of several analyst reports. Citigroup dropped their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Barclays decreased their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, TD Cowen raised their target price on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $140.38.

About American Electric Power

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.