E Fund Management Co. Ltd. Buys Shares of 21,032 American Electric Power Company, Inc. $AEP

E Fund Management Co. Ltd. bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 21,032 shares of the company’s stock, valued at approximately $2,877,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HITE Hedge Asset Management LLC purchased a new stake in American Electric Power during the 4th quarter worth approximately $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after buying an additional 8,302 shares during the period. Vanguard Group Inc. boosted its position in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after buying an additional 828,588 shares during the period. Dockside LLC acquired a new position in shares of American Electric Power in the fourth quarter worth $1,912,000. Finally, Barclays PLC grew its stake in shares of American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after acquiring an additional 57,807 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $126.27 on Thursday. 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 fifty-two week low of $105.70 and a fifty-two week high of $140.58. The firm has a market capitalization of $68.74 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The stock’s 50-day simple moving average is $131.23 and its 200-day simple moving average is $130.51.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $1.43 EPS. The company’s quarterly revenue 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 forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AEP. Raymond James Financial restated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Scotiabank boosted their price objective on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. BMO Capital Markets reduced their target price 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. Finally, Citigroup decreased their price target 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. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.38.

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.