Daiwa Securities Group Inc. raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,388 shares of the company’s stock after purchasing an additional 5,440 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American Electric Power were worth $27,950,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. TD Asset Management Inc grew its stake in American Electric Power by 61.3% during the 4th quarter. TD Asset Management Inc now owns 468,664 shares of the company’s stock valued at $54,042,000 after purchasing an additional 178,060 shares during the last quarter. Cibc World Market Inc. grew its stake in American Electric Power by 7.3% during the 4th quarter. Cibc World Market Inc. now owns 133,829 shares of the company’s stock valued at $15,432,000 after purchasing an additional 9,136 shares during the last quarter. Sivia Capital Partners LLC grew its stake in American Electric Power by 5.7% during the 4th quarter. Sivia Capital Partners LLC now owns 6,904 shares of the company’s stock valued at $796,000 after purchasing an additional 371 shares during the last quarter. Lido Advisors LLC grew its stake in American Electric Power by 1.8% during the 4th quarter. Lido Advisors LLC now owns 63,302 shares of the company’s stock valued at $7,176,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Marietta Investment Partners LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $635,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Barclays boosted their price target on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research note on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Monday. Evercore upped their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, Citigroup upped their target price on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.10.
American Electric Power Stock Up 1.1%
Shares of AEP opened at $129.14 on Friday. American Electric Power Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $70.27 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.55 and a beta of 0.53. The stock’s 50-day moving average price is $131.52 and its 200-day moving average price is $125.46.
American Electric Power (NASDAQ:AEP – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.
American Electric Power Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is presently 55.80%.
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.
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