Van ECK Associates Corp Has $37.49 Million Stake in American Electric Power Company, Inc. $AEP

Van ECK Associates Corp increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 23.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,047 shares of the company’s stock after purchasing an additional 51,621 shares during the quarter. Van ECK Associates Corp owned approximately 0.05% of American Electric Power worth $37,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AEP. Elevation Wealth Partners LLC lifted its holdings in shares of American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the period. Costello Asset Management INC boosted its position in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Parvin Asset Management LLC bought a new stake in American Electric Power in the second quarter valued at about $27,000. Caitlin John LLC bought a new stake in American Electric Power in the second quarter valued at about $27,000. Finally, Activest Wealth Management increased its stake in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $122.31 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The firm has a market cap of $66.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company’s 50-day moving average price is $130.42 and its two-hundred day moving average price is $130.64.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The firm had revenue of $5.45 billion during 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 business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid 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 yield of 3.1%. American Electric Power’s payout ratio is currently 65.18%.

Analysts Set New Price Targets

A number of research analysts have commented on AEP shares. Wells Fargo & Company raised their price target 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. Mizuho lowered their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Citigroup cut their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Truist Financial decreased their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.19.

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.