Daiwa Securities Group Inc. Raises Holdings in American Electric Power Company, Inc. $AEP

Daiwa Securities Group Inc. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,388 shares of the company’s stock after buying an additional 5,440 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American Electric Power were worth $27,950,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its holdings in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Dogwood Wealth Management LLC lifted its holdings in shares of American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares during the period. Optima Capital LLC bought a new position in shares of American Electric Power in the 4th quarter worth $26,000. Rakuten Securities Inc. raised its position in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its position in shares of American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after acquiring an additional 154 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Trading Up 1.1%

Shares of NASDAQ:AEP opened at $129.14 on Friday. The business’s 50-day moving average is $131.52 and its 200 day moving average is $125.46. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The firm has a market capitalization of $70.27 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.55 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the company posted $1.54 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AEP shares. Scotiabank boosted their price target 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. Citigroup boosted their price target on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Monday, April 20th. Evercore boosted their price target on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.10.

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.