ABN AMRO Bank N.V. Takes Position in American Electric Power Company, Inc. $AEP

Key Points

• ABN AMRO Bank acquired 49,646 shares of American Electric Power worth approximately $6.83 million during the second quarter. Institutional investors collectively own 75.24% of AEP’s outstanding stock.
• Analysts maintain a “Moderate Buy” consensus rating, with 13 Buy ratings and nine Holds and an average price target of $140.71, above the reported $125.60 share price.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus, while revenue rose 7% year over year to $5.45 billion. The company declared a quarterly dividend of $0.95 per share, equating to a 3.0% annualized yield.

ABN AMRO Bank N.V. acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 49,646 shares of the company's stock, valued at approximately $6,833,000.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Costello Asset Management INC raised 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 valued at $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID raised its stake in American Electric Power by 200.0% in the fourth 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 in the last quarter. Finally, Basepoint Wealth LLC bought a new stake in American Electric Power during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on AEP shares. JPMorgan Chase & Co. cut their price target on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 15th. Raymond James Financial restated an "outperform" rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Jefferies Financial Group lifted their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. BMO Capital Markets cut their target price 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. Finally, Wells Fargo & Company increased their target price on American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, American Electric Power presently has an average rating of "Moderate Buy" and a consensus target price of $140.71.

American Electric Power Price Performance

AEP stock opened at $125.60 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The firm's fifty day moving average is $131.31 and its 200 day moving average is $130.27. The firm has a market cap of $68.38 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

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

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