GQG Partners LLC Acquires Shares of 10,263,074 American Electric Power Company, Inc. $AEP

GQG Partners LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,263,074 shares of the company’s stock, valued at approximately $1,404,094,000. American Electric Power makes up about 2.6% of GQG Partners LLC’s portfolio, making the stock its 12th largest position. GQG Partners LLC owned about 1.89% of American Electric Power as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management boosted its holdings in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Rakuten Securities Inc. grew its stake in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC increased its holdings in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID increased 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 worth $27,000 after purchasing an additional 154 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Down 3.8%

NASDAQ:AEP opened at $120.94 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $131.01 and its two-hundred day moving average is $130.48. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The company has a market cap of $65.84 billion, a PE ratio of 20.74, a P/E/G ratio of 2.17 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last issued 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 firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the firm posted $1.43 earnings per share. American Electric Power’s revenue 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. On average, analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on AEP. Citigroup reduced their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. BMO Capital Markets cut their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. TD Cowen increased their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Barclays reduced their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power 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.