Citizens Financial Group Inc. RI Invests $1.58 Million in American Electric Power Company, Inc. $AEP

Key Points

• Citizens Financial Group initiated a $1.58 million stake in American Electric Power, purchasing 11,520 shares during the second quarter. Institutional investors collectively own 75.24% of AEP.
• AEP reported quarterly EPS of $1.36, missing analysts’ $1.48 estimate, while revenue rose 7% year over year to $5.45 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.25–$6.55.
• The utility declared a quarterly dividend of $0.95 per share, equivalent to $3.80 annually and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $140.38.

Citizens Financial Group Inc. RI bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,520 shares of the company's stock, valued at approximately $1,576,000.

A number of other hedge funds also recently modified their holdings of AEP. Activest Wealth Management boosted its position in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company's stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock valued at $26,000 after acquiring an additional 219 shares in the last quarter. Costello Asset Management INC raised its holdings in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock valued at $27,000 after purchasing an additional 154 shares during the last quarter. Finally, Basepoint Wealth LLC bought a new position in American Electric Power in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Performance

AEP stock opened at $126.35 on Wednesday. The firm has a market cap of $68.78 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $131.28 and a 200-day moving average price of $130.46. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (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 the consensus estimate of $5.34 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The firm's revenue 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 research analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 annualized dividend and a dividend yield of 3.0%. American Electric Power's payout ratio is presently 65.18%.

Analysts Set New Price Targets

Several brokerages have weighed in on AEP. Wells Fargo & Company lifted their price objective on American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. 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 report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price target on American Electric Power from $141.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, May 15th. Wall Street Zen downgraded American Electric Power from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Finally, LADENBURG THALM/SH SH cut their price objective on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of "Moderate Buy" and an average target price of $140.38.

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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