CIBC Asset Management Inc Increases Holdings in American Electric Power Company, Inc. $AEP

CIBC Asset Management Inc increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 363,909 shares of the company’s stock after buying an additional 49,166 shares during the quarter. CIBC Asset Management Inc owned about 0.07% of American Electric Power worth $41,962,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Marble Wealth LLC purchased a new position in American Electric Power during the fourth quarter worth approximately $449,000. Capital Innovations LLC purchased a new position in American Electric Power during the fourth quarter worth approximately $3,066,000. SCP Investment LP lifted its position in American Electric Power by 142.9% during the fourth quarter. SCP Investment LP now owns 6,800 shares of the company’s stock worth $784,000 after buying an additional 4,000 shares in the last quarter. Calton & Associates Inc. lifted its position in American Electric Power by 26.5% during the fourth quarter. Calton & Associates Inc. now owns 12,891 shares of the company’s stock worth $1,486,000 after buying an additional 2,704 shares in the last quarter. Finally, Winthrop Capital Management LLC purchased a new position in American Electric Power during the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the subject of several recent analyst reports. Argus raised their target price on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Raymond James Financial reissued an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. Evercore raised their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Scotiabank raised their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Wednesday, March 4th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

American Electric Power Trading Down 0.6%

Shares of NASDAQ AEP opened at $126.31 on Thursday. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. 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 stock has a fifty day simple moving average of $131.53 and a 200-day simple moving average of $125.39. The stock has a market capitalization of $68.73 billion, a PE ratio of 18.55, a PEG ratio of 2.53 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The company’s 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. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s payout ratio is presently 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.