Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 12,587 American Electric Power Company, Inc. $AEP

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,587 shares of the company’s stock, valued at approximately $1,722,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Magellan Asset Management Ltd acquired a new stake in American Electric Power during the second quarter worth about $56,525,000. Twin Tree Management LP acquired a new position in American Electric Power in the second quarter valued at approximately $1,046,000. Haverford Trust Co acquired a new position in American Electric Power in the second quarter valued at approximately $16,891,000. First Nebraska Trust Co purchased a new stake in American Electric Power in the 2nd quarter worth approximately $219,000. Finally, Bank of Nova Scotia purchased a new stake in American Electric Power in the 2nd quarter worth approximately $17,499,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ:AEP opened at $121.98 on Tuesday. The company’s 50-day moving average price is $130.86 and its 200-day moving average price is $130.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a market cap of $66.41 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.17 and a beta of 0.52. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58.

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 return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The business’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, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AEP shares. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. TD Cowen increased their price target 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. Jefferies Financial Group raised their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.