American Electric Power Company, Inc. $AEP Stock Holdings Increased by Odyssean LLC

Odyssean LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 109.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 23,004 shares of the company's stock after acquiring an additional 12,009 shares during the quarter. Odyssean LLC's holdings in American Electric Power were worth $3,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. HITE Hedge Asset Management LLC acquired a new stake in American Electric Power in the fourth quarter worth approximately $32,032,000. BlackRock Inc. bought a new stake in shares of American Electric Power in the 2nd quarter worth $6,980,601,000. Dockside LLC bought a new stake in shares of American Electric Power in the 4th quarter worth $1,912,000. Barclays PLC lifted its holdings in shares of American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company's stock valued at $1,225,381,000 after buying an additional 57,807 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of American Electric Power in the fourth quarter valued at $2,318,000. Institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AEP shares. BMO Capital Markets lowered their target price on American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Scotiabank raised their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Jefferies Financial Group boosted their target price 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. Finally, Citigroup cut their target price on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.19.

American Electric Power Trading Up 0.6%

Shares of NASDAQ AEP opened at $122.77 on Wednesday. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.23 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $130.72 and a 200-day simple moving average of $130.60.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.34 billion. During the same period in the prior year, the company posted $1.43 earnings per share. American Electric Power's quarterly revenue 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. Sell-side analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed 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 yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power's payout ratio is presently 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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source