Alberta Investment Management Corp bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 85,500 shares of the company's stock, valued at approximately $11,697,000.
Other large investors also recently bought and sold shares of the company. Activest Wealth Management grew its position in 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 during the last quarter. Rakuten Securities Inc. lifted its holdings in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock valued at $26,000 after buying an additional 219 shares in the last quarter. Costello Asset Management INC boosted its position in American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company's stock valued at $26,000 after buying an additional 100 shares during the period. Legacy Wealth Managment LLC ID boosted its position in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock valued at $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC purchased a new stake in American Electric Power in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 75.24% of the company's stock.
American Electric Power Stock Performance
Shares of NASDAQ:AEP opened at $125.60 on Monday. The company has a market capitalization of $68.38 billion, a PE ratio of 21.54, a P/E/G ratio of 2.25 and a beta of 0.52. 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 Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The business's fifty day simple moving average is $131.31 and its 200-day simple moving average is $130.36.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.
American Electric Power Announces Dividend
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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio is presently 65.18%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Citigroup reduced their target price on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Truist Financial increased their price objective on American Electric Power from $145.00 to $146.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. LADENBURG THALM/SH SH lowered their price objective on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company increased their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Finally, Barclays cut their target price on shares of American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research report on Monday, August 3rd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, American Electric Power presently has a consensus rating of "Moderate Buy" and an average price target of $140.71.
Get Our Latest Report on AEP
American Electric Power Company Profile
(
Free Report)
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.
Further Reading
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