Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $7.12 Million Position in American Electric Power Company, Inc. $AEP

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the first quarter, HoldingsChannel reports. The fund purchased 54,350 shares of the company’s stock, valued at approximately $7,124,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Essex Financial Services Inc. increased its stake in shares of American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after purchasing an additional 75 shares during the last quarter. Financial Enhancement Group LLC raised its holdings in American Electric Power by 3.3% in the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after acquiring an additional 76 shares during the period. J2 Capital Management Inc lifted its position in American Electric Power by 2.0% during the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after acquiring an additional 79 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of American Electric Power by 15.0% during the fourth quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock worth $74,000 after acquiring an additional 83 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC grew its holdings in American Electric Power by 4.1% in the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock valued at $251,000 after buying an additional 85 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP opened at $138.51 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The firm’s fifty day simple moving average is $131.21 and its two-hundred day simple moving average is $127.33. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $139.44. The stock has a market capitalization of $75.36 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping 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 firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company 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. As a group, analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is 55.80%.

Analyst Ratings Changes

Several research firms have weighed in on AEP. The Goldman Sachs Group increased their price objective on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Wells Fargo & Company upped their target price on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Citigroup raised their target price on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley boosted their price target on American Electric Power from $129.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, TD Cowen raised their price target on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $141.38.

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.