Nykredit A S Purchases Shares of 68,191 American Electric Power Company, Inc. $AEP

Key Points

• Nykredit A/S initiated a position in American Electric Power by purchasing 68,191 shares worth approximately $9.3 million in the second quarter. Institutional investors collectively own 75.24% of AEP.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $139.86, despite several recent target-price reductions.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company pays a quarterly dividend of $0.95, equivalent to a 3.2% yield.

Nykredit A S purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,191 shares of the company's stock, valued at approximately $9,329,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of American Electric Power in the second quarter valued at about $6,980,601,000. Bank of America Corp DE bought a new stake in American Electric Power during the 2nd quarter valued at approximately $1,678,638,000. GQG Partners LLC bought a new stake in American Electric Power during the 2nd quarter valued at approximately $1,404,094,000. Legal & General Group Plc purchased a new position in American Electric Power in the 2nd quarter worth approximately $680,638,000. Finally, Bank of New York Mellon Corp purchased a new position in American Electric Power in the 2nd quarter worth approximately $495,495,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AEP. Morgan Stanley lowered their target price on shares of American Electric Power from $135.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday. TD Cowen reaffirmed a "buy" rating on shares of American Electric Power in a research note on Wednesday, September 9th. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $139.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Barclays decreased their price target on shares of American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Finally, Truist Financial cut their price objective on American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $139.86.

Insider Activity

In other news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $120.00 on Monday. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The stock has a market capitalization of $65.33 billion, a P/E ratio of 20.58, a PEG ratio of 2.54 and a beta of 0.51. The firm has a fifty day simple moving average of $126.50 and a two-hundred day simple moving average of $129.96. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results 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 business had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is presently 65.18%.

American Electric Power Company Profile

American Electric Power Company, Inc NASDAQ: AEP is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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