Harvest Fund Management Co. Ltd Acquires 7,113 Shares of American Electric Power Company, Inc. $AEP

Harvest Fund Management Co. Ltd boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 21.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 39,938 shares of the company’s stock after purchasing an additional 7,113 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in American Electric Power were worth $4,604,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its position in American Electric Power by 3.9% in the 4th quarter. Czech National Bank now owns 141,141 shares of the company’s stock valued at $16,275,000 after buying an additional 5,314 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after buying an additional 8,302 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in American Electric Power by 983.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after buying an additional 57,977 shares during the last quarter. Merit Financial Group LLC boosted its position in American Electric Power by 17.7% in the 4th quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after buying an additional 9,532 shares during the last quarter. Finally, GF Fund Management CO. LTD. boosted its position in American Electric Power by 7.4% in the 4th quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock valued at $13,171,000 after buying an additional 7,833 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. UBS Group increased their price target on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Morgan Stanley cut their price target on American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Truist Financial cut their price target on 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, Evercore increased their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $141.10.

Read Our Latest Stock Analysis on American Electric Power

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $127.79 on Friday. The company has a market capitalization of $69.53 billion, a PE ratio of 18.77, a PEG ratio of 2.52 and a beta of 0.53. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $131.51 and its 200 day simple moving average is $125.43.

American Electric Power (NASDAQ:AEPGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion for 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%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

American Electric Power Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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