Energy Income Partners LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 919,858 shares of the company’s stock, valued at approximately $125,846,000. American Electric Power accounts for 2.0% of Energy Income Partners LLC’s holdings, making the stock its 14th biggest position.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after buying an additional 828,588 shares during the period. BlackRock Inc. purchased a new position in American Electric Power in the 2nd quarter valued at about $6,980,601,000. State Street Corp grew its stake in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after acquiring an additional 1,514,865 shares in the last quarter. Morgan Stanley grew its stake 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 acquiring an additional 271,879 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after acquiring an additional 83,285 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have weighed in on AEP. Raymond James Financial restated an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Morgan Stanley increased their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Mizuho cut their target price on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.38.
American Electric Power Stock Performance
American Electric Power stock opened at $126.35 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a fifty day moving average price of $131.28 and a two-hundred day moving average price of $130.46. The company has a market cap of $68.78 billion, a PE ratio of 21.67, a P/E/G ratio of 2.25 and a beta of 0.52.
American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share 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. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio is currently 65.18%.
About American Electric Power
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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