Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 475,656 shares of the company's stock, valued at approximately $65,074,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of American Electric Power at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management boosted its holdings in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after purchasing an additional 91 shares during the period. Rakuten Securities Inc. grew its position in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company's stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 100 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock worth $27,000 after purchasing an additional 154 shares during the period. Finally, Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth $27,000. Institutional investors own 75.24% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Wall Street Zen lowered American Electric Power from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Barclays decreased their target price on 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. Wells Fargo & Company raised their price target 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 boosted their price objective on American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Finally, Mizuho decreased their price objective on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.19.
Get Our Latest Research Report on American Electric Power
American Electric Power Price Performance
Shares of NASDAQ:AEP opened at $120.94 on Monday. The firm has a market capitalization of $65.84 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The firm has a fifty day moving average of $131.01 and a 200 day moving average of $130.57.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results 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 net margin of 13.78% and a return on equity of 9.95%. The firm had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company's revenue for the quarter 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, research analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is currently 65.18%.
American Electric Power Company Profile
(
Free Report)
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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