PDT Partners LLC Buys Shares of 25,900 American Electric Power Company, Inc. $AEP

PDT Partners LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,900 shares of the company’s stock, valued at approximately $3,543,000.

Several other institutional investors have also recently made changes to their positions in AEP. Canada Pension Plan Investment Board bought a new stake in shares of American Electric Power in the second quarter valued at about $18,411,000. Castleark Management LLC bought a new position in American Electric Power in the second quarter valued at about $480,000. Legal & General Group Plc acquired a new stake in American Electric Power during the 2nd quarter worth approximately $680,638,000. The Manufacturers Life Insurance Company acquired a new stake in American Electric Power in the second quarter valued at $162,331,000. Finally, Jones Financial Companies Lllp acquired a new stake in American Electric Power during the 2nd quarter valued at approximately $1,249,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AEP. Barclays reduced their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. TD Cowen boosted their target price on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Jefferies Financial Group raised their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $140.19.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $123.36 on Thursday. The business has a fifty day simple moving average of $130.63 and a two-hundred day simple moving average of $130.62. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The firm has a market capitalization of $67.16 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.24 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 3.1%. American Electric Power’s payout ratio is 65.18%.

American Electric Power Company 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.