Dimensional Fund Advisors LP boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,793,510 shares of the company’s stock after acquiring an additional 29,964 shares during the period. Dimensional Fund Advisors LP owned 0.33% of American Electric Power worth $235,094,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of AEP. Soroban Capital Partners LP raised its position in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the period. State Street Corp boosted its holdings 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 buying an additional 1,514,865 shares during the period. AQR Capital Management LLC increased its stake in 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 worth $286,692,000 after buying an additional 1,400,547 shares in the last quarter. Victory Capital Management Inc. increased its stake in 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 worth $728,378,000 after buying an additional 937,346 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in American Electric Power by 374.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,174,903 shares of the company’s stock valued at $135,479,000 after acquiring an additional 927,095 shares during the period. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Stock Up 1.4%
AEP opened at $134.92 on Friday. The firm has a 50-day simple moving average of $131.49 and a two-hundred day simple moving average of $129.18. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58. The company has a market capitalization of $73.41 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.52. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Scotiabank boosted their price objective on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. The Goldman Sachs Group lifted their target price on American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets lowered their price target on American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Barclays upped their price target on American Electric Power from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.71.
Get Our Latest Research Report on AEP
Trending Headlines about American Electric Power
Here are the key news stories impacting American Electric Power this week:
- Positive Sentiment: Analysts were reported as bullish on American Electric Power and other utilities, which can bolster sentiment for AEP as investors look for defensive, income-oriented names. Analysts Are Bullish on These Utilities Stocks: Atmos Energy (ATO), American Electric Power (AEP)
- Positive Sentiment: Coverage highlighting AEP as a defensive stock for stability may be attracting investors seeking lower-volatility names amid broader market uncertainty. Beyond the AI Trade: 3 Defensive Stocks Built for Stability (AEP)
- Neutral Sentiment: Wall Street expects year-over-year earnings growth when AEP reports next week, but Zacks noted the company may not have the ideal setup for an earnings beat, keeping expectations balanced. American Electric Power (AEP) Reports Next Week: Wall Street Expects Earnings Growth
- Neutral Sentiment: The company is also widely expected to announce earnings on Thursday, which keeps attention focused on the upcoming report rather than on a new operational catalyst. American Electric Power (AEP) Projected to Announce Earnings on Thursday
- Negative Sentiment: BMO Capital Markets lowered its price target on AEP to $139 from $141, signaling slightly softer valuation expectations even while maintaining a market-perform view. American Electric Power had its price target lowered by BMO Capital Markets from $141.00 to $139.00
- Negative Sentiment: Recent articles questioning whether AEP is fully valued and suggesting the stock may be pricey despite its large capital plan could weigh on the shares. American Electric Power (AEP) Stock Could Be Pricey Despite Its $78b Capital Plan
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.
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