Tocqueville Asset Management L.P. Invests $9.04 Million in American Electric Power Company, Inc. $AEP

Key Points

• Tocqueville Asset Management acquired 66,054 shares of American Electric Power worth approximately $9.04 million in the second quarter. Institutional investors and hedge funds collectively own 75.24% of AEP.
• Analysts maintain a generally positive view, with 13 Buy ratings and nine Holds, producing a consensus rating of “Moderate Buy” and an average price target of $140.38.
• AEP reported quarterly revenue of $5.45 billion, up 7% year over year, but EPS of $1.36 fell short of the $1.48 consensus estimate. The company declared a quarterly dividend of $0.95, equivalent to a 3.0% annualized yield.

Tocqueville Asset Management L.P. acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 66,054 shares of the company's stock, valued at approximately $9,037,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its position in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after purchasing an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC increased its position in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company's stock worth $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company's stock worth $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. raised its stake in shares of American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company's stock worth $8,209,000 after purchasing an additional 38,684 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. LADENBURG THALM/SH SH decreased their target price on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a research note on Thursday, June 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research note on Monday, June 1st. Jefferies Financial Group boosted their price objective 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. Morgan Stanley raised their target price on shares of American Electric Power from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Finally, Scotiabank boosted their price target on American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.38.

American Electric Power Stock Down 0.1%

AEP stock opened at $126.27 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week 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. The stock has a market capitalization of $68.74 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.26 and a beta of 0.52. The business's fifty day moving average price is $131.23 and its two-hundred day moving average price is $130.51.

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 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 previous year, the firm posted $1.43 EPS. 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, equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

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 issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power's payout ratio is currently 65.18%.

American Electric Power Company 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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