TD Asset Management Inc Grows Holdings in American Electric Power Company, Inc. $AEP

TD Asset Management Inc raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 61.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 468,664 shares of the company’s stock after buying an additional 178,060 shares during the period. TD Asset Management Inc’s holdings in American Electric Power were worth $54,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Brighton Jones LLC increased its holdings in American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of American Electric Power during the first quarter worth about $320,000. Sivia Capital Partners LLC increased its stake in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. increased its stake in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after purchasing an additional 38,684 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $129.14 on Friday. The firm has a market capitalization of $70.27 billion, a PE ratio of 18.96, a PEG ratio of 2.55 and a beta of 0.53. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The firm’s 50-day moving average price is $131.52 and its 200 day moving average price is $125.46. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. American Electric Power’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced 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. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s payout ratio is presently 55.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AEP shares. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. The Goldman Sachs Group boosted their target price on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, April 20th. Scotiabank boosted their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Mizuho boosted their target price on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

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.