SBI Okasan Asset Management Co.Ltd. Buys New Shares in American Electric Power Company, Inc. $AEP

SBI Okasan Asset Management Co.Ltd. bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, HoldingsChannel.com reports. The fund bought 5,800 shares of the company’s stock, valued at approximately $671,000.

Several other hedge funds have also recently made changes to their positions in AEP. Victory Capital Management Inc. increased its position in shares of American Electric Power by 105.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after acquiring an additional 2,763,328 shares during the period. Soroban Capital Partners LP increased its position 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 valued at $415,526,000 after acquiring an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. increased its position in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after acquiring an additional 1,529,662 shares during the period. AQR Capital Management LLC increased its position in shares of American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.9%

AEP opened at $126.67 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a fifty day moving average of $131.63 and a two-hundred day moving average of $125.30. The stock has a market capitalization of $68.92 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.55 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating 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 company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 6.35 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 Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s payout ratio is presently 55.80%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho raised their target price on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup raised their target price on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a report on Friday, February 13th. TD Cowen raised their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Barclays raised their target price on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

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.