Amundi Increases Stock Position in American Electric Power Company, Inc. $AEP

Amundi boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 14.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,901,661 shares of the company's stock after purchasing an additional 360,614 shares during the quarter. Amundi owned approximately 0.53% of American Electric Power worth $396,976,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AEP. California State Teachers Retirement System grew its stake in shares of American Electric Power by 13,905.1% during the 2nd quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company's stock worth $11,844,009,000 after purchasing an additional 85,954,533 shares during the period. BlackRock Inc. acquired a new position in American Electric Power during the second quarter worth about $6,980,601,000. Bank of America Corp DE acquired a new stake in shares of American Electric Power in the 2nd quarter worth $1,678,638,000. GQG Partners LLC acquired a new stake in American Electric Power during the second quarter worth about $1,404,094,000. Finally, Legal & General Group Plc purchased a new stake in American Electric Power in the second quarter valued at $680,638,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on American Electric Power from $139.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 21st. BMO Capital Markets dropped their price target on shares of American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Barclays dropped their price objective on shares of American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a report on Thursday, August 27th. Finally, LADENBURG THALM/SH SH dropped their price objective on 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. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.19.

American Electric Power Stock Performance

NASDAQ:AEP opened at $124.50 on Tuesday. The firm has a market capitalization of $67.78 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51. The business's 50-day moving average is $129.01 and its two-hundred day moving average is $130.51. 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 debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its 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). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. 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 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power's dividend payout ratio (DPR) 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.

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