Harvest Fund Management Co. Ltd Purchases 7,113 Shares of American Electric Power Company, Inc. $AEP

Harvest Fund Management Co. Ltd boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,938 shares of the company’s stock after acquiring an additional 7,113 shares during the period. Harvest Fund Management Co. Ltd’s holdings in American Electric Power were worth $4,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Activest Wealth Management increased 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 acquiring an additional 91 shares during the period. Dogwood Wealth Management LLC increased its stake in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the period. Optima Capital LLC bought a new position in American Electric Power during the fourth quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID increased its stake in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Argus upped their price objective on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, April 20th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company upped their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

American Electric Power Stock Up 1.2%

NASDAQ AEP opened at $127.79 on Friday. The firm has a market cap of $69.53 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.52 and a beta of 0.53. American Electric Power Company, Inc. has a one year low of $100.72 and a one year high of $139.44. The stock’s 50 day simple moving average is $131.51 and its 200 day simple moving average is $125.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

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

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s dividend payout ratio is 55.80%.

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.