National Pension Service Acquires 24,410 Shares of American Electric Power Company, Inc. $AEP

National Pension Service raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,943,852 shares of the company’s stock after purchasing an additional 24,410 shares during the quarter. National Pension Service’s holdings in American Electric Power were worth $224,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of American Electric Power by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after acquiring an additional 828,588 shares in the last quarter. State Street Corp raised its holdings in shares of American Electric Power by 1.4% in the third quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after acquiring an additional 406,445 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of American Electric Power by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after acquiring an additional 83,285 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after acquiring an additional 2,763,328 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.9%

American Electric Power stock opened at $126.67 on Friday. 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 Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The company has a market capitalization of $68.92 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.55 and a beta of 0.56. The stock has a 50-day moving average price of $131.63 and a 200 day moving average price of $125.30.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping 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 firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s payout ratio is 55.80%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, April 20th. Evercore lifted their price objective on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. TD Cowen lifted their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wells Fargo & Company lifted their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets decreased their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $141.10.

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.