Nykredit A S Makes New Investment in American Electric Power Company, Inc. $AEP

Nykredit A S acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 68,191 shares of the company’s stock, valued at approximately $9,329,000.

Other large investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its holdings in shares of American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Costello Asset Management INC lifted its holdings in shares of American Electric Power by 100.0% during the first 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 period. Parvin Asset Management LLC purchased a new stake in American Electric Power in the second quarter valued at approximately $27,000. Caitlin John LLC purchased a new stake in American Electric Power in the second quarter valued at approximately $27,000. Finally, Union Savings Bank acquired a new position in American Electric Power in the 4th quarter worth approximately $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

American Electric Power stock opened at $124.50 on Friday. The stock has a market capitalization of $67.78 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.63 and a beta of 0.51. The company’s fifty day moving average price is $129.28 and its 200 day moving average price is $130.55. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. LADENBURG THALM/SH SH cut 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. Barclays reduced their target price on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Truist Financial decreased their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Jefferies Financial Group upped their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target 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.