American Electric Power Company, Inc. $AEP Stock Position Reduced by Royal Bank of Canada

Royal Bank of Canada lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,998,367 shares of the company’s stock after selling 442,354 shares during the quarter. Royal Bank of Canada’s holdings in American Electric Power were worth $786,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Essex Financial Services Inc. grew its holdings in shares of American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in shares of American Electric Power by 1.3% during the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after acquiring an additional 75 shares in the last quarter. Financial Enhancement Group LLC raised its holdings in shares of American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after acquiring an additional 76 shares in the last quarter. J2 Capital Management Inc boosted its position in American Electric Power by 2.0% during the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in American Electric Power by 2.9% during the first quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock valued at $381,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $133.02 on Wednesday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The stock’s 50-day moving average is $131.89 and its two-hundred day moving average is $129.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market cap of $72.38 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.52.

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

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.95 per share. 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 2.9%. American Electric Power’s dividend payout ratio is presently 55.80%.

Analysts Set New Price Targets

AEP has been the topic of several research reports. Mizuho upped their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group lifted their price target on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Wells Fargo & Company boosted their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Finally, Morgan Stanley raised their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Thirteen equities 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 an average price target of $141.71.

About American Electric Power

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.