Greenland Capital Management LP purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 76,954 shares of the company’s stock, valued at approximately $10,528,000. American Electric Power makes up approximately 1.3% of Greenland Capital Management LP’s investment portfolio, making the stock its 11th largest holding.
Other hedge funds have also modified their holdings of the company. Essex Financial Services Inc. lifted its stake in American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares in the last quarter. Cornerstone Advisory LLC grew its stake in shares of American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after acquiring an additional 75 shares in the last quarter. Financial Enhancement Group LLC raised its holdings in shares of American Electric Power by 3.3% in the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after purchasing an additional 76 shares during the last quarter. Community Trust & Investment Co. raised its holdings in shares of American Electric Power by 1.7% in the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after purchasing an additional 77 shares during the last quarter. Finally, J2 Capital Management Inc lifted its position in American Electric Power by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after buying an additional 79 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. TD Cowen increased their price target on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Citigroup decreased their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Barclays lowered their target price on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Mizuho dropped their price target on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Jefferies Financial Group increased their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.
American Electric Power Price Performance
Shares of NASDAQ AEP opened at $120.94 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average price is $131.01 and its two-hundred day moving average price is $130.48. The company has a market cap of $65.84 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58.
American Electric Power (NASDAQ:AEP – Get Free Report) last released 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). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.
American Electric Power Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.
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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