Meeder Asset Management Inc. Purchases New Shares in American Electric Power Company, Inc. $AEP

Meeder Asset Management Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 9,183 shares of the company’s stock, valued at approximately $1,256,000.

A number of other hedge funds have also recently modified their holdings of the business. Essex Financial Services Inc. lifted its stake in shares of American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after acquiring an additional 75 shares during the last quarter. Cornerstone Advisory LLC boosted its position in American Electric Power by 1.3% in the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after buying an additional 75 shares during the period. Financial Enhancement Group LLC increased its position in shares of American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after acquiring an additional 76 shares during the period. Community Trust & Investment Co. boosted its holdings in shares of American Electric Power by 1.7% in the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after purchasing an additional 77 shares during the period. Finally, J2 Capital Management Inc increased its holdings in American Electric Power by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after purchasing an additional 79 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AEP. BMO Capital Markets lowered their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Truist Financial dropped 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. Morgan Stanley lifted their price target on shares of American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upped their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Citigroup lowered their price objective on 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.38.

American Electric Power Trading Down 0.1%

Shares of American Electric Power stock opened at $126.35 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The firm’s 50 day simple moving average is $131.28 and its two-hundred day simple moving average is $130.46. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $68.78 billion, a price-to-earnings ratio of 21.67, a PEG 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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the company earned $1.43 earnings per share. American Electric Power’s revenue 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. Analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

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

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.