Hsbc Holdings PLC Increases Stake in American Electric Power Company, Inc. $AEP

Hsbc Holdings PLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 22.9% during the second quarter, HoldingsChannel reports. The fund owned 1,088,392 shares of the company’s stock after buying an additional 202,655 shares during the quarter. Hsbc Holdings PLC’s holdings in American Electric Power were worth $149,183,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in AEP. BlackRock Inc. bought a new position in shares of American Electric Power in the second quarter worth $6,980,601,000. GQG Partners LLC bought a new stake in shares of American Electric Power during the 2nd quarter valued at $1,404,094,000. Legal & General Group Plc bought a new stake in shares of American Electric Power during the 2nd quarter valued at $680,638,000. Bank of New York Mellon Corp purchased a new stake in American Electric Power during the 2nd quarter worth about $495,495,000. Finally, Soroban Capital Partners LP lifted its holdings in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup reduced their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Raymond James Financial restated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Truist Financial reduced their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Barclays lowered their target price on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $122.77 on Wednesday. The firm has a market capitalization of $66.84 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.23 and a beta of 0.52. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The stock’s 50-day simple moving average is $130.72 and its two-hundred day simple moving average is $130.60. 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 issued its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (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 business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the business posted $1.43 EPS. 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. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

American Electric Power Company 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.