Connor Clark & Lunn Investment Management Ltd. Takes Position in American Electric Power Company, Inc. $AEP

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 475,656 shares of the company’s stock, valued at approximately $65,074,000.

A number of other large investors also recently added to or reduced their stakes in AEP. Vanguard Group Inc. lifted its stake in American Electric Power by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after purchasing an additional 828,588 shares during the last quarter. BlackRock Inc. bought a new position in shares of American Electric Power during the second quarter valued at about $6,980,601,000. State Street Corp grew its stake in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after buying an additional 1,514,865 shares during the last quarter. Morgan Stanley grew its stake in shares of American Electric Power by 1.9% during the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after buying an additional 271,879 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of American Electric Power by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after buying an additional 83,285 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the subject of a number of recent research reports. Truist Financial lowered their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Scotiabank raised 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. Citigroup decreased their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Barclays lowered their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Finally, Jefferies Financial Group increased their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Price Performance

NASDAQ AEP opened at $120.94 on Monday. 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 $65.84 billion, a PE ratio of 20.74, a PEG ratio of 2.17 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The business’s 50-day moving average is $131.01 and its 200 day moving average is $130.57.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s payout ratio is 65.18%.

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.