OMERS ADMINISTRATION Corp Purchases New Position in American Electric Power Company, Inc. $AEP

OMERS ADMINISTRATION Corp purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,034 shares of the company’s stock, valued at approximately $5,477,000.

Several other large investors have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC bought a new stake in shares of American Electric Power during the fourth quarter valued at approximately $32,032,000. BlackRock Inc. acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $6,980,601,000. Vanguard Group Inc. raised its position in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after purchasing an additional 828,588 shares during the last quarter. Dockside LLC bought a new position in American Electric Power in the 4th quarter worth approximately $1,912,000. Finally, Barclays PLC lifted its holdings in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after buying an additional 57,807 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

AEP opened at $121.98 on Tuesday. The company has a fifty day moving average price of $130.86 and a two-hundred day moving average price of $130.58. 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 52 week low of $105.70 and a 52 week high of $140.58. The firm has a market capitalization of $66.41 billion, a PE ratio of 20.92, a P/E/G ratio of 2.17 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share 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 company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the company earned $1.43 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. Truist Financial decreased their price objective on 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. Citigroup cut their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Mizuho lowered their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average 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.