BlackRock Inc. Makes New $6.98 Billion Investment in American Electric Power Company, Inc. $AEP

BlackRock Inc. bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,024,057 shares of the company's stock, valued at approximately $6,980,601,000. BlackRock Inc. owned 9.37% of American Electric Power as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. HITE Hedge Asset Management LLC purchased a new stake in shares of American Electric Power in the 4th quarter valued at approximately $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of American Electric Power by 2.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company's stock worth $33,869,000 after purchasing an additional 8,302 shares during the period. Vanguard Group Inc. increased its holdings in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company's stock valued at $6,053,417,000 after purchasing an additional 828,588 shares during the last quarter. Dockside LLC acquired a new stake in American Electric Power in the 4th quarter valued at approximately $1,912,000. Finally, Barclays PLC raised its position in 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 purchasing an additional 57,807 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Up 0.7%

Shares of NASDAQ AEP opened at $126.53 on Tuesday. The stock has a market cap of $68.88 billion, a P/E ratio of 21.70, a PEG ratio of 2.25 and a beta of 0.52. The business's fifty day simple moving average is $131.31 and its 200-day simple moving average is $130.41. 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 current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $5.34 billion. During the same period in the previous year, the firm 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 analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power's payout ratio is currently 65.18%.

Analyst Ratings Changes

AEP has been the topic of a number of research reports. Truist Financial decreased their price target on American Electric Power from $146.00 to $139.00 and set a "buy" rating on the stock in a research note on Monday. Seaport Research Partners upgraded American Electric Power from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. Jefferies Financial Group increased their target price on American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. BMO Capital Markets dropped their target price on 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, Barclays cut their price target 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.38.

About American Electric Power

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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