American Electric Power Company, Inc. (NASDAQ:AEP) Announces Quarterly Dividend of $0.97

by · The Markets Daily

American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.97 per share on Thursday, December 10th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 2.1% increase from American Electric Power’s previous quarterly dividend of $0.95.

American Electric Power has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 15 years. American Electric Power has a dividend payout ratio of 60.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Electric Power to earn $6.87 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 55.3%.

American Electric Power Trading Up 0.3%

Shares of NASDAQ AEP traded up $0.40 during trading hours on Wednesday, reaching $127.62. The stock had a trading volume of 495,542 shares, compared to its average volume of 3,946,423. American Electric Power has a 52-week low of $112.54 and a 52-week high of $140.58. The firm has a market cap of $69.48 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.58 and a beta of 0.48. The business’s fifty day moving average price is $122.75 and its two-hundred day moving average price is $128.52. 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 (NASDAQ:AEP – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for 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 company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts expect that American Electric Power will post 6.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Electric Power

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in American Electric Power during the 2nd quarter worth about $6,980,601,000. Wellington Management Group LLP boosted its stake in shares of American Electric Power by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock valued at $1,897,829,000 after purchasing an additional 715,613 shares during the last quarter. Bank of America Corp DE acquired a new position in American Electric Power in the second quarter valued at $1,678,638,000. GQG Partners LLC acquired a new stake in American Electric Power during the 2nd quarter worth about $1,404,094,000. Finally, Legal & General Group Plc bought a new position in shares of American Electric Power in the 2nd quarter worth about $680,638,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

About American Electric Power

(Get Free Report)

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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