24,973 Shares in American Electric Power Company, Inc. $AEP Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, HoldingsChannel reports. The fund purchased 24,973 shares of the company’s stock, valued at approximately $3,417,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEP. Brighton Jones LLC lifted its stake in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of American Electric Power during the first quarter worth about $320,000. Sivia Capital Partners LLC increased its position in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after acquiring an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of American Electric Power by 4.4% in the 2nd 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 during the last quarter. Finally, AXA S.A. lifted its position in American Electric Power by 95.7% in the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after acquiring an additional 38,684 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.3%

Shares of American Electric Power stock opened at $122.31 on Friday. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The firm has a market cap of $66.59 billion, a PE ratio of 20.98, a P/E/G ratio of 2.24 and a beta of 0.52. The stock has a fifty day moving average price of $130.42 and a 200-day moving average price of $130.57. 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 (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share 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 analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. 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 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is presently 65.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AEP shares. Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Truist Financial cut their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Barclays decreased their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, BMO Capital Markets lowered their target price on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $140.19.

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.