American Electric Power Company, Inc. $AEP Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.6% in the 4th quarter, HoldingsChannel reports. The fund owned 363,909 shares of the company’s stock after buying an additional 49,166 shares during the quarter. CIBC Asset Management Inc’s holdings in American Electric Power were worth $41,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after acquiring an additional 828,588 shares in the last quarter. State Street Corp boosted its position in shares of American Electric Power by 1.4% during the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock worth $3,253,827,000 after acquiring an additional 406,445 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Electric Power by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after acquiring an additional 83,285 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of American Electric Power by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after acquiring an additional 1,285,279 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after acquiring an additional 2,763,328 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.6%

American Electric Power stock opened at $126.31 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a market capitalization of $68.73 billion, a P/E ratio of 18.55, a PEG ratio of 2.53 and a beta of 0.53. The stock has a 50-day simple moving average of $131.53 and a 200-day simple moving average of $125.39.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $5.72 billion. During the same period in the previous year, the business earned $1.54 EPS. The business’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 disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective 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. Evercore upped their price objective on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Barclays upped their price objective on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Mizuho boosted their target price on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $141.10.

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.