Capital Research Global Investors Boosts Stake in American Electric Power Company, Inc. $AEP

Capital Research Global Investors boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,482,302 shares of the company’s stock after buying an additional 10,092 shares during the period. Capital Research Global Investors’ holdings in American Electric Power were worth $170,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AEP. Victory Capital Management Inc. lifted its holdings in American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares during the period. Soroban Capital Partners LP lifted its holdings in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. lifted its holdings in American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after buying an additional 1,529,662 shares during the period. AQR Capital Management LLC lifted its holdings in American Electric Power by 118.2% during the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after buying an additional 1,400,547 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in American Electric Power by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after buying an additional 1,285,279 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP opened at $126.77 on Tuesday. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44. The stock has a fifty day moving average price of $131.48 and a 200-day moving average price of $125.50. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The firm has a market cap of $68.98 billion, a PE ratio of 18.62, a P/E/G ratio of 2.57 and a beta of 0.53.

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

American Electric Power Announces Dividend

The firm also recently disclosed 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 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

Analysts Set New Price Targets

A number of analysts have weighed in on AEP shares. Raymond James Financial restated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Scotiabank upped their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Evercore upped their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

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.