NEOS Investment Management LLC Purchases 53,441 Shares of American Electric Power Company, Inc. $AEP

NEOS Investment Management LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 14.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 421,913 shares of the company’s stock after purchasing an additional 53,441 shares during the period. NEOS Investment Management LLC’s holdings in American Electric Power were worth $57,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Costello Asset Management INC lifted its stake in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Legacy Wealth Managment LLC ID increased its position in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares during the period. Basepoint Wealth LLC purchased a new position in American Electric Power during the 4th quarter valued at about $27,000. Union Savings Bank bought a new stake in shares of American Electric Power in the 4th quarter valued at about $27,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

AEP stock opened at $124.71 on Friday. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The firm has a market cap of $67.89 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.62 and a beta of 0.51. 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 firm has a 50-day simple moving average of $129.57 and a two-hundred day simple moving average of $130.59.

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). The firm 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%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.38 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Mizuho lowered their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. LADENBURG THALM/SH SH dropped their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.