Cibc World Market Inc. Takes Position in American Electric Power Company, Inc. $AEP

Key Points

• CIBC World Market Inc. purchased 74,727 shares of American Electric Power during the second quarter, valued at approximately $10.2 million. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and nine Holds producing a consensus “Moderate Buy” rating and an average price target of $140.19.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company declared a quarterly dividend of $0.95 per share, representing a 3.1% yield.

Cibc World Market Inc. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 74,727 shares of the company's stock, valued at approximately $10,223,000.

Several other large investors also recently modified their holdings of the company. Essex Financial Services Inc. lifted its holdings in American Electric Power by 0.9% in the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company's stock valued at $1,077,000 after acquiring an additional 75 shares during the period. Cornerstone Advisory LLC grew its stake in shares of American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company's stock valued at $764,000 after purchasing an additional 75 shares during the period. Financial Enhancement Group LLC increased its position in shares of American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company's stock valued at $319,000 after purchasing an additional 76 shares during the last quarter. Community Trust & Investment Co. increased its position in shares of American Electric Power by 1.7% during the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company's stock valued at $647,000 after purchasing an additional 77 shares during the last quarter. Finally, J2 Capital Management Inc lifted its stake in shares of American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company's stock worth $537,000 after purchasing an additional 79 shares during the period. Institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AEP. Citigroup dropped their price objective on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. TD Cowen increased their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. JPMorgan Chase & Co. dropped their price target on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Monday, June 1st. Finally, Scotiabank boosted 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. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.19.

American Electric Power Price Performance

NASDAQ:AEP opened at $121.98 on Tuesday. The business's 50-day simple moving average is $130.86 and its two-hundred day simple moving average is $130.58. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The stock has a market cap of $66.41 billion, a PE ratio of 20.92, a P/E/G ratio of 2.17 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.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the company earned $1.43 EPS. The business'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. As a group, analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.95 dividend. 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 dividend payout ratio is presently 65.18%.

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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