American Electric Power Company, Inc. $AEP Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 57.2% during the 2nd quarter, Holdings Channel reports. The fund owned 317,890 shares of the company’s stock after buying an additional 115,625 shares during the quarter. Tidal Investments LLC’s holdings in American Electric Power were worth $43,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System lifted its position in American Electric Power by 13,905.1% in the second quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company’s stock valued at $11,844,009,000 after purchasing an additional 85,954,533 shares during the period. BlackRock Inc. purchased a new stake in American Electric Power in the 2nd quarter valued at approximately $6,980,601,000. State Street Corp increased its position in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after purchasing an additional 1,514,865 shares during the period. Morgan Stanley increased its position in American Electric Power by 1.9% during the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after purchasing an additional 271,879 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of American Electric Power by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after buying an additional 715,613 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $124.67 on Thursday. The firm has a market capitalization of $67.87 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.65 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The business’s 50 day simple moving average is $128.58 and its 200-day simple moving average is $130.48. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is currently 65.18%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BMO Capital Markets reduced their price target on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut 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. TD Cowen reissued a “buy” rating on shares of American Electric Power in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Truist Financial lowered their price target on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $140.19.

Insider Activity at American Electric Power

In related news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

American Electric Power Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.