California State Teachers Retirement System Boosts Holdings in American Electric Power Company, Inc. $AEP

Key Points

• California State Teachers Retirement System dramatically increased its AEP stake by 13,905.1% in the second quarter, ending with 86.6 million shares worth approximately $11.84 billion, or 15.9% of the company.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and nine Holds producing a “Moderate Buy” consensus and an average price target of $140.19, above AEP’s reported $125.42 share price.
• AEP reported second-quarter EPS of $1.36, below the $1.48 consensus estimate, though revenue rose 7% year over year to $5.45 billion. The company declared a quarterly dividend of $0.95, equivalent to a 3.0% yield.

California State Teachers Retirement System boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 13,905.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,572,684 shares of the company's stock after acquiring an additional 85,954,533 shares during the period. California State Teachers Retirement System owned about 15.90% of American Electric Power worth $11,844,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Greenland Capital Management LP lifted its stake in American Electric Power by 49.5% in the 2nd quarter. Greenland Capital Management LP now owns 76,954 shares of the company's stock valued at $10,528,000 after buying an additional 25,477 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of American Electric Power by 6.0% in the second quarter. Wedmont Private Capital now owns 9,370 shares of the company's stock worth $1,269,000 after acquiring an additional 530 shares during the last quarter. Sovereign Investment Advisors LLC lifted its position in shares of American Electric Power by 2.8% in the second quarter. Sovereign Investment Advisors LLC now owns 5,549 shares of the company's stock valued at $759,000 after acquiring an additional 150 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of American Electric Power by 95.4% during the second quarter. Beaird Harris Wealth Management LLC now owns 506 shares of the company's stock valued at $69,000 after acquiring an additional 247 shares during the last quarter. Finally, Nilsine Partners LLC boosted its stake in shares of American Electric Power by 69.7% during the second quarter. Nilsine Partners LLC now owns 6,910 shares of the company's stock valued at $945,000 after acquiring an additional 2,839 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets dropped their price objective 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. Mizuho decreased their price target on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. LADENBURG THALM/SH SH lowered their price target on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a report on Thursday, June 18th. Morgan Stanley cut their price objective on shares of American Electric Power from $139.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Finally, Barclays reduced 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.19.

American Electric Power Stock Up 0.7%

Shares of NASDAQ:AEP opened at $125.42 on Wednesday. The stock's 50-day moving average price is $128.78 and its two-hundred day moving average price is $130.50. 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 firm has a market cap of $68.28 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.63 and a beta of 0.51.

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). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 6.39 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued 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 is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is 65.18%.

American Electric Power Profile

American Electric Power Company, Inc NASDAQ: AEP is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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