Union Bancaire Privee UBP SA Has $9.26 Million Stake in American Electric Power Company, Inc. $AEP

Union Bancaire Privee UBP SA grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 217.2% in the first quarter, HoldingsChannel.com reports. The fund owned 70,659 shares of the company’s stock after buying an additional 48,384 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in American Electric Power were worth $9,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Powers Advisory Group LLC grew its position in American Electric Power by 4.5% during the 1st quarter. Powers Advisory Group LLC now owns 2,741 shares of the company’s stock worth $359,000 after acquiring an additional 119 shares during the last quarter. Welch Group LLC raised its position in American Electric Power by 15.8% in the 1st quarter. Welch Group LLC now owns 376,452 shares of the company’s stock valued at $49,345,000 after purchasing an additional 51,267 shares during the last quarter. Corecam AG bought a new position in American Electric Power in the 1st quarter valued at $255,000. J2 Capital Management Inc boosted its stake in American Electric Power by 2.0% in the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after purchasing an additional 79 shares in the last quarter. Finally, bLong Financial LLC acquired a new position in American Electric Power in the first quarter worth $208,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Morgan Stanley increased their price objective on shares of American Electric Power from $129.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays raised their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Truist Financial dropped their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, TD Cowen upped their target price 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. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.19.

American Electric Power Trading Up 1.3%

Shares of AEP opened at $138.83 on Friday. The stock’s fifty day simple moving average is $130.77 and its 200-day simple moving average is $126.46. The firm has a market capitalization of $75.54 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. American Electric Power Company, Inc. has a 12-month low of $102.06 and a 12-month high of $139.44. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared 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 was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.7%. American Electric Power’s payout ratio is currently 55.80%.

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.