Man Group plc Acquires Shares of 8,867 American Electric Power Company, Inc. $AEP

Man Group plc bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 8,867 shares of the company’s stock, valued at approximately $1,213,000.

Several other institutional investors have also made changes to their positions in AEP. Elevation Wealth Partners LLC raised its holdings in shares of American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares during the period. Costello Asset Management INC boosted its stake in American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Union Savings Bank acquired a new position in American Electric Power in the 4th quarter worth approximately $27,000. Legacy Wealth Managment LLC ID grew its position in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares in the last quarter. Finally, Acumen Wealth Advisors LLC purchased a new position in American Electric Power during the 4th quarter worth approximately $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $123.57 on Thursday. 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 1 year low of $105.70 and a 1 year high of $140.58. The business has a fifty day simple moving average of $129.81 and a 200 day simple moving average of $130.63. The firm has a market cap of $67.27 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.60 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last issued its 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). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 annualized dividend and a dividend yield of 3.1%. American Electric Power’s payout ratio is presently 65.18%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Mizuho lowered their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Citigroup dropped their price target on 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. TD Cowen increased their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, LADENBURG THALM/SH SH decreased their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.