Geode Capital Management LLC Raises Holdings in American Electric Power Company, Inc. $AEP

Key Points

• Geode Capital Management increased its stake in American Electric Power by 0.6% in the fourth quarter, holding 13.82 million shares valued at about $1.59 billion.
• Wall Street sentiment on AEP remains constructive, with a consensus rating of Moderate Buy and an average price target of $141.24. Recent analyst moves included higher targets and upgrades from firms such as Goldman Sachs and Wolfe Research.
• AEP beat earnings and revenue expectations in its latest quarter, reporting $1.64 EPS on $6.02 billion in revenue, and it also announced a quarterly dividend of $0.95 per share for a 3.0% annualized yield.

Geode Capital Management LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,823,744 shares of the company's stock after purchasing an additional 83,285 shares during the period. Geode Capital Management LLC owned about 2.59% of American Electric Power worth $1,587,841,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Baron Silver Stevens Financial Advisors LLC increased its stake in American Electric Power by 4.1% in the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company's stock valued at $251,000 after purchasing an additional 85 shares in the last quarter. Vectors Research Management LLC increased its stake in American Electric Power by 0.4% in the 4th quarter. Vectors Research Management LLC now owns 23,439 shares of the company's stock valued at $2,703,000 after purchasing an additional 86 shares in the last quarter. Strategic Advisors LLC increased its stake in American Electric Power by 0.3% in the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company's stock valued at $2,993,000 after purchasing an additional 87 shares in the last quarter. CYBER HORNET ETFs LLC increased its stake in American Electric Power by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 1,497 shares of the company's stock valued at $173,000 after purchasing an additional 87 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in American Electric Power by 16.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company's stock valued at $71,000 after purchasing an additional 88 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEP. The Goldman Sachs Group raised their price objective on American Electric Power from $141.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, April 15th. Wolfe Research raised American Electric Power from a "peer perform" rating to an "outperform" rating and set a $142.00 price objective for the company in a research note on Friday, February 13th. Scotiabank raised their price objective on American Electric Power from $131.00 to $140.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 6th. Morgan Stanley dropped their price objective on American Electric Power from $136.00 to $129.00 and set an "overweight" rating for the company in a research note on Thursday, May 21st. Finally, LADENBURG THALM/SH SH raised American Electric Power from a "neutral" rating to a "buy" rating and set a $148.00 price objective for the company in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.24.

American Electric Power Price Performance

AEP stock opened at $127.76 on Friday. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The stock's fifty day simple moving average is $131.71 and its 200-day simple moving average is $125.29. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $69.51 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The business's revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power's dividend payout ratio (DPR) is presently 55.80%.

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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