American Electric Power Company, Inc. $AEP Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,829 shares of the company’s stock after acquiring an additional 9,136 shares during the period. Cibc World Market Inc.’s holdings in American Electric Power were worth $15,432,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AEP. Activest Wealth Management grew its holdings in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Dogwood Wealth Management LLC grew its holdings in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the period. Optima Capital LLC acquired a new position in American Electric Power during the fourth quarter worth about $26,000. Rakuten Securities Inc. grew its holdings in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its holdings 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 acquiring an additional 154 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AEP shares. Citigroup lifted their price target on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price target on shares of American Electric Power in a research note on Friday, February 20th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research note on Friday, February 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Stock Up 1.1%

Shares of American Electric Power stock opened at $129.14 on Friday. The firm has a market cap of $70.27 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.55 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The stock has a 50-day simple moving average of $131.52 and a 200-day simple moving average of $125.46.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities research analysts expect that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.

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.