Deutsche Bank AG acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,184,092 shares of the company's stock, valued at approximately $298,806,000. Deutsche Bank AG owned about 0.40% of American Electric Power at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in American Electric Power in the second quarter worth about $495,495,000. Soroban Capital Partners LP increased its stake in shares of American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company's stock valued at $415,526,000 after buying an additional 2,555,415 shares during the period. Janus Henderson Group PLC raised its holdings in shares of American Electric Power by 8,776.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,219,198 shares of the company's stock valued at $290,894,000 after purchasing an additional 2,194,198 shares in the last quarter. State Street Corp raised its stake in American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company's stock worth $3,509,780,000 after buying an additional 1,514,865 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company's stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.
American Electric Power Price Performance
Shares of AEP stock opened at $126.35 on Wednesday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The firm has a market capitalization of $68.78 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.25 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. The stock's 50-day simple moving average is $131.28 and its 200-day simple moving average is $130.46.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data 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). 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 business's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share 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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power's payout ratio is presently 65.18%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on AEP. Jefferies Financial Group lifted their target price on American Electric Power from $147.00 to $154.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Monday, June 1st. 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 on the stock in a research report on Thursday, June 18th. Mizuho reduced their price objective on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, Morgan Stanley increased their target price on shares of American Electric Power from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.38.
View Our Latest Analysis on AEP
About American Electric Power
(
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.
Further Reading
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