Quantitative Investment Management LLC Takes $1.02 Million Position in American Electric Power Company, Inc. $AEP

Quantitative Investment Management LLC acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 7,493 shares of the company’s stock, valued at approximately $1,025,000.

A number of other institutional investors also recently bought and sold shares of the stock. Costello Asset Management INC lifted its position in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID increased its position in American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in American Electric Power in the fourth quarter worth about $27,000. Union Savings Bank bought a new position in shares of American Electric Power in the fourth quarter worth about $27,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $122.96 on Wednesday. The company has a market capitalization of $66.94 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.59 and a beta of 0.51. 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 stock’s 50-day simple moving average is $130.04 and its 200-day simple moving average is $130.65. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58.

American Electric Power (NASDAQ:AEPGet Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business 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 revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEP shares. Barclays cut their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. TD Cowen upped their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Scotiabank increased their price objective on shares of 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. Thirteen investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $140.19.

Check Out Our Latest Analysis on AEP

American Electric Power 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.

See Also

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

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