NWF Advisory Services Inc. Makes New $1.71 Million Investment in American Electric Power Company, Inc. $AEP

NWF Advisory Services Inc. purchased 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 SEC. The fund purchased 12,518 shares of the company’s stock, valued at approximately $1,713,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of American Electric Power during the 2nd quarter worth approximately $6,980,601,000. Bank of America Corp DE purchased a new stake in American Electric Power in the second quarter valued at approximately $1,678,638,000. GQG Partners LLC purchased a new stake in American Electric Power in the second quarter valued at approximately $1,404,094,000. Legal & General Group Plc acquired a new position in American Electric Power during the second quarter worth $680,638,000. Finally, Bank of New York Mellon Corp acquired a new position in American Electric Power during the second quarter worth $495,495,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.9%

American Electric Power stock opened at $124.71 on Friday. The firm has a market capitalization of $67.89 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.62 and a beta of 0.51. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The stock’s fifty day simple moving average is $129.57 and its 200-day simple moving average is $130.59.

American Electric Power (NASDAQ:AEP) last released its 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). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEP shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Mizuho decreased their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. TD Cowen lifted their target price on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, LADENBURG THALM/SH SH cut 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. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.19.

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.