American Electric Power Company, Inc. $AEP Shares Acquired by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 210.1% in the fourth quarter, HoldingsChannel reports. The firm owned 130,250 shares of the company’s stock after purchasing an additional 88,250 shares during the quarter. American Electric Power makes up approximately 1.8% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 10th largest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Electric Power were worth $15,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Venture Visionary Partners LLC boosted its position in American Electric Power by 1.2% during the 4th quarter. Venture Visionary Partners LLC now owns 70,831 shares of the company’s stock valued at $8,253,000 after purchasing an additional 839 shares during the period. Potentia Wealth acquired a new position in American Electric Power during the 4th quarter valued at approximately $209,000. MLP3 LLC acquired a new position in American Electric Power during the 4th quarter valued at approximately $1,123,000. MML Investors Services LLC boosted its position in American Electric Power by 4.6% during the 4th quarter. MML Investors Services LLC now owns 175,639 shares of the company’s stock valued at $20,253,000 after purchasing an additional 7,739 shares during the period. Finally, Mariner LLC boosted its position in American Electric Power by 4.3% during the 4th quarter. Mariner LLC now owns 530,905 shares of the company’s stock valued at $61,226,000 after purchasing an additional 22,103 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AEP. Truist Financial reduced their price objective on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Monday, April 20th. Morgan Stanley reduced their price target on American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BMO Capital Markets reduced their price target on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. Finally, TD Cowen boosted their price target on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

Get Our Latest Stock Report on American Electric Power

American Electric Power Trading Up 0.1%

Shares of AEP stock opened at $129.31 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The stock has a fifty day moving average of $131.21 and a two-hundred day moving average of $125.75. The firm has a market capitalization of $70.36 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53.

American Electric Power (NASDAQ:AEPGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (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 company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s payout ratio is 55.80%.

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.

Further Reading

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

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