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Pinnacle Wealth boosted its AEP stake by 69.6% in Q2; AEP raised 2025 EPS guidance and paid a $0.95 dividend.
Pinnacle Wealth Planning increased its stake in American Electric Power (AEP) by 69.6% in Q2, while Intech Investment Management reduced its holding by 21.6%.
AEP reported Q2 earnings of $1.80 per share, slightly below estimates, with revenue up 10.9% year-over-year to $6.01 billion.
The company raised its 2025 EPS guidance to $5.85–$5.95, announced a quarterly dividend of $0.95, and maintains a market cap of $65.97 billion.
Analysts rate the stock a "Moderate Buy" with a $125.03 target.
Insiders sold $1.85 million in shares over 90 days.
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Pinnacle Wealth aumentó su participación en AEP en un 69,6% en el segundo trimestre; AEP elevó la orientación de EPS para 2025 y pagó un dividendo de $ 0,95.