Meeder Advisory Services Inc. Takes $2.02 Million Position in American Electric Power Company, Inc. $AEP

Meeder Advisory Services Inc. 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 SEC. The firm acquired 14,804 shares of the company’s stock, valued at approximately $2,025,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Harborfront Financial Group LLC bought a new stake in American Electric Power during the second quarter worth approximately $117,000. Meeder Asset Management Inc. bought a new position in shares of American Electric Power in the second quarter valued at approximately $1,256,000. Citizens Financial Group Inc. RI bought a new position in shares of American Electric Power in the second quarter valued at approximately $1,576,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of American Electric Power in the second quarter worth $568,000. Finally, Aegis Wealth Management LLC acquired a new stake in shares of American Electric Power in the second quarter worth $364,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.1%

Shares of AEP opened at $126.35 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The company has a 50-day simple moving average of $131.28 and a 200-day simple moving average of $130.46. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The firm has a market capitalization of $68.78 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last released its 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). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business earned $1.43 earnings per share. 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. On average, equities research analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on AEP. 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 on the stock in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Truist Financial decreased their price target on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday. Mizuho lowered their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Scotiabank lifted their price objective on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.