7,493 Shares in American Electric Power Company, Inc. $AEP Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,493 shares of the company’s stock, valued at approximately $1,025,000.

Several other institutional investors have also added to or reduced their stakes in AEP. Costello Asset Management INC raised its stake in shares of American Electric Power by 100.0% in 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 last quarter. Legacy Wealth Managment LLC ID boosted its position 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 valued at $27,000 after buying an additional 154 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at $27,000. Union Savings Bank bought a new stake in American Electric Power in the 4th quarter worth about $27,000. Finally, Elevation Wealth Partners LLC increased its holdings in American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after buying an additional 105 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEP. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group lifted their price target on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup lowered their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Stock Up 0.4%

American Electric Power stock opened at $122.96 on Wednesday. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The stock has a fifty day moving average of $130.04 and a 200 day moving average of $130.65. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The stock has a market cap of $66.94 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last announced 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). The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 6.38 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) 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.