E Fund Management Co. Ltd. Purchases New Stake in American Electric Power Company, Inc. $AEP

E Fund Management Co. Ltd. bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) during the 2nd quarter, Holdings Channel reports. The fund bought 21,032 shares of the company’s stock, valued at approximately $2,877,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Activest Wealth Management grew its position in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Rakuten Securities Inc. lifted its position in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Costello Asset Management INC lifted its position in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after acquiring an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.1%

Shares of American Electric Power stock opened at $126.27 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The business’s fifty day moving average is $131.23 and its two-hundred day moving average is $130.51. 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 firm has a market cap of $68.74 billion, a PE ratio of 21.66, a P/E/G ratio of 2.26 and a beta of 0.52.

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 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 company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. American Electric Power’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s payout ratio is presently 65.18%.

Wall Street Analyst Weigh In

AEP has been the subject of several research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Barclays dropped their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Morgan Stanley lifted their price target on American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets dropped their target price on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.38.

Get 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.

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

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