Harel Insurance Investments & Financial Services Ltd. Has $729,000 Stock Position in American Electric Power Company, Inc. $AEP

Harel Insurance Investments & Financial Services Ltd. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 853.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,560 shares of the company’s stock after acquiring an additional 4,977 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in American Electric Power were worth $729,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 worth $6,053,417,000 after purchasing an additional 828,588 shares in the last quarter. State Street Corp grew its position in American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares in the last quarter. Morgan Stanley increased its stake in American Electric Power by 1.9% in the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after buying an additional 271,879 shares during the period. Geode Capital Management LLC increased its stake in American Electric Power by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after buying an additional 83,285 shares during the period. Finally, Barclays PLC boosted its stake in shares of American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after buying an additional 57,807 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. The Goldman Sachs Group boosted 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. Wells Fargo & Company upped their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Mizuho raised their price target on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, TD Cowen lifted their price target on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and a consensus target price of $141.48.

American Electric Power Trading Up 0.5%

American Electric Power stock opened at $133.13 on Friday. American Electric Power Company, Inc. has a one year low of $105.02 and a one year high of $140.58. The company’s fifty day moving average price is $131.24 and its two-hundred day moving average price is $128.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.43 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is 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.