IFM Investors Pty Ltd Has $19.37 Million Stock Holdings in American Electric Power Company, Inc. $AEP

IFM Investors Pty Ltd raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 20.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,783 shares of the company’s stock after purchasing an additional 25,100 shares during the period. IFM Investors Pty Ltd’s holdings in American Electric Power were worth $19,371,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rexford Capital Inc. raised its stake in American Electric Power by 4.7% during the 1st quarter. Rexford Capital Inc. now owns 5,386 shares of the company’s stock worth $706,000 after buying an additional 243 shares during the period. Global Trust Asset Management LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $324,000. First Pacific Financial grew its stake in American Electric Power by 1.9% in the first quarter. First Pacific Financial now owns 34,607 shares of the company’s stock valued at $4,536,000 after acquiring an additional 656 shares during the period. Impact Partnership Wealth LLC bought a new stake in shares of American Electric Power during the first quarter valued at approximately $427,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of American Electric Power by 182.2% during the first quarter. Harbor Investment Advisory LLC now owns 2,345 shares of the company’s stock valued at $307,000 after acquiring an additional 1,514 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 0.8%

AEP stock opened at $136.81 on Wednesday. The firm has a market capitalization of $74.44 billion, a PE ratio of 20.09, a P/E/G ratio of 2.75 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a twelve month low of $102.39 and a twelve month high of $139.44. The stock’s 50 day moving average is $130.91 and its 200-day moving average is $126.85.

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

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio is presently 55.80%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEP shares. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lowered their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Truist Financial dropped their price objective on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Finally, Citigroup lifted their price objective on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $141.19.

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.