Hsbc Holdings PLC Buys 202,655 Shares of American Electric Power Company, Inc. $AEP

Hsbc Holdings PLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,088,392 shares of the company’s stock after buying an additional 202,655 shares during the period. Hsbc Holdings PLC owned about 0.20% of American Electric Power worth $149,183,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management boosted its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Costello Asset Management INC grew its stake in shares of 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 acquiring an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID raised its holdings in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at about $27,000. Finally, Union Savings Bank bought a new position in shares of American Electric Power during the fourth quarter valued at about $27,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AEP shares. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Truist Financial decreased their price objective on shares of 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. Raymond James Financial reissued an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Scotiabank boosted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group upped their target price on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $122.77 on Wednesday. The company has a market capitalization of $66.84 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. The company’s 50-day moving average is $130.72 and its 200 day moving average is $130.60. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared 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 is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is presently 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.