Andra AP fonden Sells 6,300 Shares of American Electric Power Company, Inc. $AEP

Andra AP fonden lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 71,100 shares of the company’s stock after selling 6,300 shares during the quarter. Andra AP fonden’s holdings in American Electric Power were worth $9,320,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Soroban Capital Partners LP grew its stake in shares of American Electric Power by 176.3% during the second 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 during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 valued at $225,718,000 after buying an additional 1,529,662 shares during the period. State Street Corp boosted its position in American Electric Power by 5.2% in the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after purchasing an additional 1,514,865 shares in the last quarter. AQR Capital Management LLC grew its position in American Electric Power by 118.2% during the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after buying an additional 1,400,547 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of American Electric Power by 17.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,316,688 shares of the company’s stock valued at $728,378,000 after purchasing an additional 937,346 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup raised their target price on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company increased their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group boosted their target price on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Raymond James Financial reissued an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research report on Friday, May 8th. Finally, Barclays lifted their target price on American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.52.

American Electric Power Stock Down 0.4%

American Electric Power stock opened at $130.48 on Wednesday. The company has a market capitalization of $70.99 billion, a P/E ratio of 19.16, a PEG ratio of 2.40 and a beta of 0.52. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The stock has a 50-day simple moving average of $131.26 and a 200-day simple moving average of $128.92. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating 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 business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the company posted $1.54 EPS. The company’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. Equities research analysts expect that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 2.9%. American Electric Power’s payout ratio is presently 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.