Jefferies Financial Group Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,745 shares of the company’s stock, valued at approximately $2,975,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of American Electric Power during the second quarter worth about $6,980,601,000. State Street Corp grew its holdings in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after buying an additional 1,514,865 shares in the last quarter. Morgan Stanley raised its position in shares of American Electric Power by 1.9% during the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after buying an additional 271,879 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Electric Power by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after buying an additional 83,285 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in American Electric Power during the second quarter valued at $1,678,638,000. 75.24% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on AEP. Scotiabank increased their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Morgan Stanley reduced their price objective on American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Barclays decreased their price objective on 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average target price of $140.19.
American Electric Power Price Performance
Shares of American Electric Power stock opened at $122.31 on Friday. The stock has a market cap of $66.59 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The stock has a 50 day moving average price of $130.42 and a 200-day moving average price of $130.57. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58.
American Electric Power (NASDAQ:AEP – Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current year.
American Electric Power Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s payout ratio is currently 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.
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