Canada Pension Plan Investment Board Takes Position in American Electric Power Company, Inc. $AEP

Canada Pension Plan Investment Board acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 134,572 shares of the company’s stock, valued at approximately $18,411,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new stake in American Electric Power during the fourth quarter worth approximately $32,032,000. BlackRock Inc. bought a new stake in shares of American Electric Power in the second quarter valued at about $6,980,601,000. Dockside LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at about $1,912,000. Barclays PLC raised its stake in American Electric Power by 0.5% in the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after purchasing an additional 57,807 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in American Electric Power in the 4th quarter valued at about $2,318,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $122.31 on Friday. The firm’s fifty day moving average price is $130.42 and its two-hundred day moving average price is $130.57. The stock has a market cap of $66.59 billion, a PE ratio of 20.98, a PEG ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 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 firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The firm’s 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 expect that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.95 dividend. 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 dividend payout ratio (DPR) is currently 65.18%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AEP shares. Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Truist Financial dropped their price objective on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday, August 17th. BMO Capital Markets reduced their target price on American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley cut their price objective on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Finally, Citigroup decreased their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

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.