American Electric Power Company, Inc. $AEP Stock Position Boosted by Empowered Funds LLC

Empowered Funds LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 93,253 shares of the company’s stock after buying an additional 6,237 shares during the period. Empowered Funds LLC’s holdings in American Electric Power were worth $12,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Soroban Capital Partners LP raised its holdings in shares of American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. State Street Corp raised its stake in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the period. AQR Capital Management LLC lifted its position in shares of American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of American Electric Power by 17.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,316,688 shares of the company’s stock worth $728,378,000 after purchasing an additional 937,346 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of American Electric Power by 374.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,174,903 shares of the company’s stock worth $135,479,000 after purchasing an additional 927,095 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $129.65 on Thursday. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a market cap of $70.54 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.39 and a beta of 0.52. The business’s 50 day moving average is $131.91 and its two-hundred day moving average is $129.69. 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 earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. American Electric Power’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 6.35 EPS 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. Investors of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio is presently 55.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group boosted 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. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley upped 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. Mizuho boosted their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. 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.com, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $141.71.

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.