Bank of Nova Scotia Cuts Stock Holdings in American Electric Power Company, Inc. $AEP

Bank of Nova Scotia cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 40.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,314 shares of the company’s stock after selling 57,510 shares during the period. Bank of Nova Scotia’s holdings in American Electric Power were worth $10,921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Soroban Capital Partners LP grew its position in shares of American Electric Power by 176.3% in the second 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 raised its position in shares of American Electric Power by 5.2% during 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 during the last quarter. AQR Capital Management LLC lifted 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 valued at $286,692,000 after buying an additional 1,400,547 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of American Electric Power by 17.4% during the fourth quarter. Victory Capital Management Inc. now owns 6,316,688 shares of the company’s stock valued at $728,378,000 after acquiring an additional 937,346 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in American Electric Power by 374.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,174,903 shares of the company’s stock valued at $135,479,000 after purchasing an additional 927,095 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. The Goldman Sachs Group raised their price target on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Scotiabank boosted their price target on shares of 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. Morgan Stanley upped their price objective on shares of American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.71.

American Electric Power News Summary

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: KeyCorp raised several forward EPS estimates for American Electric Power, including FY2026, FY2028, FY2029, and FY2030, signaling confidence in the company’s longer-term earnings growth.
• Positive Sentiment: Other coverage highlighted American Electric Power as one of the utilities names analysts are bullish on, and it was also featured as a defensive stock for stability, which can attract investors looking for lower-volatility holdings. Article Title Article Title
• Neutral Sentiment: KeyCorp’s Q2 estimate for AEP came in at $1.50 per share, while consensus full-year earnings remain around $6.35 per share; investors may be waiting for the company’s actual results next week to see whether it can meet or beat expectations. Article Title
• Neutral Sentiment: Short-interest data showed 0 shares short, so there is no meaningful bearish positioning signal from this report.
• Negative Sentiment: BMO Capital Markets issued a pessimistic outlook on AEP’s stock price, which may be tempering enthusiasm despite the broader bullish analyst tone. Article Title

American Electric Power Stock Performance

AEP opened at $135.54 on Monday. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The stock has a market capitalization of $73.75 billion, a PE ratio of 19.90, a P/E/G ratio of 2.43 and a beta of 0.52. The business’s 50 day moving average price is $131.69 and its 200 day moving average price is $129.33. 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 posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio is currently 55.80%.

American Electric Power 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.