Commerzbank Aktiengesellschaft FI Takes $57.97 Million Position in American Electric Power Company, Inc. $AEP

Commerzbank Aktiengesellschaft FI bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 423,721 shares of the company’s stock, valued at approximately $57,969,000. American Electric Power accounts for 1.2% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 29th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in American Electric Power by 72.2% in the 4th 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 period. Rakuten Securities Inc. increased its position in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 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 buying an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new stake in shares of American Electric Power in the fourth quarter valued at about $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP opened at $126.53 on Tuesday. 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 52-week low of $105.70 and a 52-week high of $140.58. The firm has a market cap of $68.88 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The business’s fifty day moving average is $131.31 and its 200-day moving average is $130.41.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS 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 company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter 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. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company 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 $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of 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. Citigroup dropped their price objective on shares of 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. Raymond James Financial reissued an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Finally, Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.38.

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.