Cibc World Market Inc. Purchases Shares of 74,727 American Electric Power Company, Inc. $AEP

Cibc World Market Inc. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 74,727 shares of the company’s stock, valued at approximately $10,223,000.

Several other hedge funds have also bought and sold shares of AEP. Elevation Wealth Partners LLC grew its position in shares of American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Costello Asset Management INC boosted its stake in American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management boosted its stake in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the last quarter. Union Savings Bank purchased a new position in American Electric Power during the 4th quarter valued at approximately $27,000. Finally, Legacy Wealth Managment LLC ID grew its holdings in American Electric Power by 200.0% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of several recent research reports. Barclays decreased their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group raised their target price on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Truist Financial reduced their price target on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, LADENBURG THALM/SH SH lowered their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Trading Up 0.9%

Shares of AEP stock opened at $121.98 on Tuesday. The company has a market cap of $66.41 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The stock’s 50 day simple moving average is $130.86 and its two-hundred day simple moving average is $130.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last announced its 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). The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is presently 65.18%.

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.