Jupiter Topco LLC purchased a new stake 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 SEC. The institutional investor purchased 2,149,485 shares of the company's stock, valued at approximately $294,069,000. Jupiter Topco LLC owned 0.39% of American Electric Power at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of AEP. HITE Hedge Asset Management LLC bought a new position in shares of American Electric Power in the fourth quarter worth about $32,032,000. BlackRock Inc. purchased a new stake in American Electric Power in the 2nd quarter worth approximately $6,980,601,000. Dockside LLC purchased a new stake in American Electric Power in the 4th quarter worth approximately $1,912,000. Barclays PLC raised its stake in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company's stock worth $1,225,381,000 after acquiring an additional 57,807 shares during the period. Finally, Aigen Investment Management LP purchased a new position in American Electric Power during the fourth quarter valued at approximately $2,318,000. Institutional investors own 75.24% of the company's stock.
American Electric Power Price Performance
Shares of American Electric Power stock opened at $122.77 on Wednesday. The stock has a 50 day moving average of $130.72 and a 200 day moving average of $130.60. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The firm has a market cap of $66.84 billion, a PE ratio of 21.06, a PEG ratio of 2.23 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.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.
American Electric Power Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 3.1%. American Electric Power's dividend payout ratio (DPR) is 65.18%.
Wall Street Analyst Weigh In
AEP has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of American Electric Power from $139.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, August 21st. Truist Financial dropped their target price on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a report on Monday, August 17th. Wells Fargo & Company increased their price target on American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Barclays decreased their price target on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a report on Monday, August 3rd. Finally, BMO Capital Markets dropped their price objective on American Electric Power from $141.00 to $139.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.19.
Check Out Our Latest Research Report on American Electric Power
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.
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