Greenland Capital Management LP Makes New Investment in American Electric Power Company, Inc. $AEP

Greenland Capital Management LP bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 76,954 shares of the company’s stock, valued at approximately $10,528,000. American Electric Power comprises approximately 1.3% of Greenland Capital Management LP’s portfolio, making the stock its 11th largest holding.

A number of other large investors also recently made changes to their positions in the stock. Essex Financial Services Inc. grew its stake in shares of American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after purchasing an additional 75 shares during the period. Cornerstone Advisory LLC increased its holdings in American Electric Power by 1.3% in the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after purchasing an additional 75 shares during the last quarter. Financial Enhancement Group LLC lifted its stake in American Electric Power by 3.3% in the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after buying an additional 76 shares during the period. Community Trust & Investment Co. lifted its stake in American Electric Power by 1.7% in the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after buying an additional 77 shares during the period. Finally, J2 Capital Management Inc boosted its holdings in American Electric Power by 2.0% during the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEP shares. TD Cowen boosted their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. reduced their price objective 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. Barclays decreased their price objective 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. Finally, Citigroup lowered their target price 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 research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.19.

American Electric Power Stock Performance

AEP stock opened at $120.94 on Friday. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. 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 firm 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. The business’s 50-day moving average price is $131.01 and its two-hundred day moving average price is $130.48.

American Electric Power (NASDAQ:AEP) last announced its quarterly 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 return on equity of 9.95% and a net margin of 13.78%.The business 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 company earned $1.43 earnings per share. The firm’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. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

The business 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 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

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.