BI Asset Management Fondsmaeglerselskab A S Purchases 46,585 Shares of American Electric Power Company, Inc. $AEP

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in American Electric Power by 118.2% in the first quarter, buying 46,585 more shares and bringing its total to 86,002 shares worth about $11.27 million.
• Wall Street sentiment on AEP remains constructive, with 13 analysts rating it a Buy and nine a Hold; the stock’s average price target is $140.86, implying upside from recent levels.
• American Electric Power recently topped earnings expectations, reporting $1.64 EPS on $6.02 billion in revenue, and it also paid a quarterly dividend of $0.95 per share, equal to a 3.0% yield.

BI Asset Management Fondsmaeglerselskab A S grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 118.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,002 shares of the company's stock after buying an additional 46,585 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in American Electric Power were worth $11,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC lifted its holdings in shares of American Electric Power by 15.0% during the fourth quarter. Root Financial Partners LLC now owns 638 shares of the company's stock valued at $74,000 after purchasing an additional 83 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC raised its holdings in shares of American Electric Power by 4.1% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company's stock valued at $251,000 after purchasing an additional 85 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of American Electric Power by 1.3% during the fourth quarter. KCM Investment Advisors LLC now owns 6,641 shares of the company's stock valued at $766,000 after purchasing an additional 85 shares during the last quarter. Vectors Research Management LLC lifted its position in American Electric Power by 0.4% during the fourth quarter. Vectors Research Management LLC now owns 23,439 shares of the company's stock valued at $2,703,000 after purchasing an additional 86 shares during the period. Finally, CYBER HORNET ETFs LLC boosted its holdings in American Electric Power by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,497 shares of the company's stock worth $173,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AEP. Truist Financial decreased their target price on shares of American Electric Power from $148.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 29th. TD Cowen lifted their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, May 15th. The Goldman Sachs Group upped their price objective on American Electric Power from $141.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Scotiabank raised their target price on American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 6th. Finally, Mizuho raised their target price on American Electric Power from $130.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.86.

American Electric Power Trading Up 0.0%

Shares of AEP stock opened at $127.73 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.55 and a beta of 0.53. American Electric Power Company, Inc. has a 1 year low of $101.11 and a 1 year high of $139.44. The firm has a fifty day moving average price of $130.83 and a 200-day moving average price of $125.93.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.American Electric Power's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 8th. American Electric Power's dividend payout ratio is presently 55.80%.

American Electric Power Company 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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