Resona Asset Management Co. Ltd. Acquires 4,703 Shares of American Electric Power Company, Inc. $AEP

Resona Asset Management Co. Ltd. grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,024 shares of the company’s stock after acquiring an additional 4,703 shares during the period. Resona Asset Management Co. Ltd.’s holdings in American Electric Power were worth $23,206,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Optima Capital LLC purchased a new position in American Electric Power during the 4th quarter valued at about $26,000. Rakuten Securities Inc. grew its holdings in 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 buying an additional 219 shares in the last quarter. Legacy Wealth Managment LLC ID increased its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth about $27,000. 75.24% of the stock is owned by institutional investors.

Trending Headlines about American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP Texas secured up to $3.26 billion in U.S. Department of Energy loan support to upgrade and harden the Texas power grid, a move that should help fund reliability projects and may reduce customer costs over time. Article Title
• Positive Sentiment: The federal loan is being framed as a growth and resiliency catalyst for AEP Texas, with reports saying it could support major grid improvements while helping save customers an estimated $685 million. Article Title
• Positive Sentiment: Analyst sentiment remains supportive, with AEP receiving an average recommendation of “Moderate Buy,” which can help reinforce investor confidence in the stock. Article Title
• Neutral Sentiment: Reuters reported that U.S. power companies are scrambling to secure transformers and other critical grid equipment as surging AI data-center demand tightens supply chains and raises costs, a broader industry issue that could benefit utilities with strong execution but also increase capital and procurement pressure. Article Title
• Negative Sentiment: AEP Texas said crews are working to restore power in storm-hit Abilene, highlighting extensive damage and near-term operational disruption that can weigh on sentiment even if restoration is completed quickly. Article Title

American Electric Power Trading Down 1.5%

Shares of American Electric Power stock opened at $133.85 on Friday. American Electric Power Company, Inc. has a 1 year low of $103.64 and a 1 year high of $140.58. The firm has a market cap of $72.83 billion, a PE ratio of 19.65, a PEG ratio of 2.49 and a beta of 0.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company has a 50 day simple moving average of $131.27 and a two-hundred day simple moving average of $127.92.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Analysts expect that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Scotiabank upped their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Wells Fargo & Company increased 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. Mizuho boosted their price target on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Citigroup upped their price target on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.38.

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.