Northwestern Mutual Wealth Management Co. Invests $8.67 Million in American Electric Power Company, Inc. $AEP

Key Points

• Northwestern Mutual Wealth Management acquired 63,355 shares of American Electric Power worth approximately $8.67 million, while institutional investors and hedge funds collectively own 75.24% of AEP.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $140.19, although several brokerages recently lowered their targets. AEP shares opened at $120.94, below their 50-day and 200-day moving averages.
• AEP reported quarterly revenue of $5.45 billion, up 7% year over year, but earnings of $1.36 per share missed estimates. The company declared a quarterly dividend of $0.95 per share, equivalent to a 3.1% yield.

Northwestern Mutual Wealth Management Co. acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,355 shares of the company's stock, valued at approximately $8,668,000.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of American Electric Power in the second quarter worth about $6,980,601,000. Bank of New York Mellon Corp bought a new stake in shares of American Electric Power during the 2nd quarter valued at approximately $495,495,000. Soroban Capital Partners LP grew its holdings in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company's stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Janus Henderson Group PLC increased its position in American Electric Power by 8,776.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,219,198 shares of the company's stock worth $290,894,000 after purchasing an additional 2,194,198 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in American Electric Power during the 2nd quarter worth approximately $298,806,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on AEP. Truist Financial dropped their price objective on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Wells Fargo & Company boosted their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Citigroup lowered their price target on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Scotiabank increased their price target 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. Finally, Mizuho cut their price objective on American Electric Power from $141.00 to $135.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.19.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $120.94 on Monday. The company has a 50 day simple moving average of $131.01 and a 200 day simple moving average of $130.57. The firm has a market cap 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. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. 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 (NASDAQ:AEP - Get Free Report) last posted its 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 return on equity of 9.95% and a net margin of 13.78%.The business 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 earned $1.43 earnings per share. The company'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, research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 is Monday, August 10th. American Electric Power's payout ratio is 65.18%.

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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