Meiji Yasuda Asset Management Co Ltd. Takes Position in American Electric Power Company, Inc. $AEP

Meiji Yasuda Asset Management Co Ltd. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,587 shares of the company’s stock, valued at approximately $1,722,000.

A number of other hedge funds also recently bought and sold shares of AEP. BlackRock Inc. bought a new position in shares of American Electric Power in the 2nd quarter worth $6,980,601,000. GQG Partners LLC bought a new stake in American Electric Power during the second quarter valued at about $1,404,094,000. Bank of New York Mellon Corp bought a new stake in American Electric Power during the second quarter valued at about $495,495,000. Soroban Capital Partners LP grew its stake in American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in American Electric Power by 8,776.8% in the first quarter. Janus Henderson Group PLC now owns 2,219,198 shares of the company’s stock valued at $290,894,000 after purchasing an additional 2,194,198 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research report on Friday, May 8th. Citigroup cut their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. LADENBURG THALM/SH SH reduced their price objective 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. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Scotiabank increased their target price on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Thirteen investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Trading Up 0.9%

NASDAQ:AEP opened at $121.98 on Tuesday. The company has a market capitalization of $66.41 billion, a P/E ratio of 20.92, a PEG ratio of 2.17 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The firm has a fifty day simple moving average of $130.86 and a 200-day simple moving average of $130.58.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. American Electric Power’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 3.1%. American Electric Power’s dividend payout ratio is currently 65.18%.

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.