BI Asset Management Fondsmaeglerselskab A S Grows Stake in American Electric Power Company, Inc. $AEP

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 118.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,002 shares of the company’s stock after purchasing an additional 46,585 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Electric Power were worth $11,273,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AEP. Activest Wealth Management grew its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. Optima Capital LLC bought a new position in shares of American Electric Power during the fourth quarter worth $26,000. Dogwood Wealth Management LLC grew its stake in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares in the last quarter. Finally, Union Savings Bank purchased a new position in American Electric Power during the fourth quarter valued at $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AEP has been the topic of a number of research reports. Morgan Stanley reduced their price target on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. The Goldman Sachs Group raised their price objective on American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. TD Cowen lifted their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Scotiabank boosted their target price 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. Finally, BMO Capital Markets decreased their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.

American Electric Power Price Performance

AEP stock opened at $127.73 on Monday. American Electric Power Company, Inc. has a 52 week low of $101.11 and a 52 week high of $139.44. The firm has a market capitalization of $69.50 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53. The company has a fifty day simple moving average of $130.83 and a two-hundred day simple moving average of $125.93. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

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

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s dividend payout ratio is 55.80%.

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.