California Public Employees Retirement System Has $158 Million Stock Holdings in American Electric Power Company, Inc. $AEP

California Public Employees Retirement System trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 35.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,205,330 shares of the company’s stock after selling 664,814 shares during the quarter. California Public Employees Retirement System’s holdings in American Electric Power were worth $157,995,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Soroban Capital Partners LP lifted its holdings in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of American Electric Power by 357.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after acquiring an additional 1,529,662 shares in the last quarter. State Street Corp increased its holdings in shares of American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after acquiring an additional 1,514,865 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after acquiring an additional 1,400,547 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position 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 worth $728,378,000 after purchasing an additional 937,346 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.7%

NASDAQ:AEP opened at $132.14 on Friday. 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 cap of $71.90 billion, a PE ratio of 19.40, a PEG ratio of 2.42 and a beta of 0.52. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The stock has a 50-day simple moving average of $131.28 and a 200 day simple moving average of $128.62.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, May 5th. The company reported $1.64 EPS 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 firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s quarterly 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. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s payout ratio is 55.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEP. Citigroup boosted their price objective on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH dropped their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. BMO Capital Markets cut their price target on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. The Goldman Sachs Group upped their price target on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.52.

American Electric Power Company 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.