TD Waterhouse Canada Inc. Has $28.59 Million Stock Position in American Electric Power Company, Inc. $AEP

Key Points

• TD Waterhouse Canada increased its AEP position by 15.6% in the second quarter, owning 211,586 shares valued at approximately $28.59 million. Institutional investors collectively hold 75.24% of the utility’s stock.
• American Electric Power reported quarterly revenue of $5.45 billion, up 7% year over year, but its $1.36 EPS missed analyst expectations of $1.48. The company reaffirmed fiscal 2026 EPS guidance of $6.25–$6.55.
• AEP declared a quarterly dividend of $0.95 per share, equivalent to an annualized $3.80 and a 3.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $140.19.

TD Waterhouse Canada Inc. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,586 shares of the company's stock after acquiring an additional 28,479 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in American Electric Power were worth $28,595,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Costello Asset Management INC lifted its position in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 100 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company's stock worth $27,000 after buying an additional 154 shares in the last quarter. Basepoint Wealth LLC bought a new stake in American Electric Power in the 4th quarter valued at $27,000. Union Savings Bank bought a new stake in American Electric Power in the 4th quarter valued at $27,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $124.50 on Friday. 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 50 day moving average of $129.28 and a 200-day moving average of $130.55. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.64 and a beta of 0.51.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results 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). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The business's quarterly 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, equities analysts forecast that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company 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 $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is presently 65.18%.

Analyst Ratings Changes

A number of research firms have recently commented on AEP. JPMorgan Chase & Co. reduced their price objective on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, May 15th. TD Cowen increased their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Jefferies Financial Group raised their price target on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a report on Thursday, August 27th. Finally, Barclays decreased their price objective 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. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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