ABN AMRO Bank N.V. Buys 36,495 Shares of American Electric Power Company, Inc. $AEP

ABN AMRO Bank N.V. raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 422.1% in the first quarter, HoldingsChannel.com reports. The firm owned 45,141 shares of the company’s stock after purchasing an additional 36,495 shares during the quarter. ABN AMRO Bank N.V.’s holdings in American Electric Power were worth $5,963,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AEP. Victory Capital Management Inc. increased its position in shares of American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares during the period. Soroban Capital Partners LP raised its position in shares of American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after acquiring an additional 1,529,662 shares in the last quarter. State Street Corp lifted its stake in shares of American Electric Power by 5.2% in the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after purchasing an additional 1,400,547 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 1.3%

AEP opened at $138.83 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $102.06 and a fifty-two week high of $139.44. The firm has a market capitalization of $75.54 billion, a P/E ratio of 20.39, a PEG ratio of 2.76 and a beta of 0.53. The company’s 50-day moving average is $130.77 and its 200 day moving average is $126.46. 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 posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts expect 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 was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.7%. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group raised their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Truist Financial dropped their price target on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Wells Fargo & Company raised their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH lowered their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $141.19.

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.