Greenland Capital Management LP Grows Position in American Electric Power Company, Inc. $AEP

Key Points

• Greenland Capital Management increased its AEP position by 49.5% in the second quarter, adding 25,477 shares for a total of 76,954 shares valued at approximately $10.5 million. Institutional investors collectively own 75.24% of AEP.
• AEP reported quarterly revenue of $5.45 billion, up 7% year over year, but earnings of $1.36 per share fell short of the $1.48 consensus estimate. The company issued fiscal 2026 EPS guidance of $6.25 to $6.55.
• AEP declared a quarterly dividend of $0.95 per share, representing an annualized dividend of $3.80 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.19.

Greenland Capital Management LP lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 49.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 76,954 shares of the company's stock after purchasing an additional 25,477 shares during the period. American Electric Power comprises approximately 1.3% of Greenland Capital Management LP's portfolio, making the stock its 14th biggest holding. Greenland Capital Management LP's holdings in American Electric Power were worth $10,528,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AEP. Costello Asset Management INC raised its stake in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake 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 last quarter. Basepoint Wealth LLC bought a new stake in shares of American Electric Power in the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC purchased a new position in American Electric Power during the 4th quarter valued at about $27,000. Finally, Union Savings Bank purchased a new position in American Electric Power during the 4th quarter valued at about $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

Shares of AEP opened at $124.50 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The company has a 50-day simple moving average of $129.28 and a two-hundred day simple moving average of $130.56. The firm has a market capitalization of $67.78 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51.

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 for the quarter, missing the consensus estimate 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 the consensus estimate of $5.34 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business'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. On average, analysts anticipate that American Electric Power Company, Inc. will post 6.39 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared 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 is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power's payout ratio is currently 65.18%.

Analyst Ratings Changes

Several equities research analysts have weighed in on AEP shares. TD Cowen increased their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Morgan Stanley cut their price objective on American Electric Power from $139.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 21st. Truist Financial reduced their target price on American Electric Power from $146.00 to $139.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. LADENBURG THALM/SH SH decreased their target price on American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a report on Thursday, June 18th. Finally, Citigroup dropped their price target on American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of "Moderate Buy" and an average price target of $140.19.

American Electric Power 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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