Pictet Asset Management Holding SA Has $221.29 Million Position in American Electric Power Company, Inc. $AEP

Pictet Asset Management Holding SA boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 43.7% in the first quarter, Holdings Channel reports. The institutional investor owned 1,688,208 shares of the company’s stock after buying an additional 513,305 shares during the period. Pictet Asset Management Holding SA’s holdings in American Electric Power were worth $221,290,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEP. Vanguard Group Inc. raised its stake in shares of American Electric Power by 1.6% during 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 during the last quarter. State Street Corp grew its stake 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 purchasing an additional 1,514,865 shares during the last quarter. Morgan Stanley increased its holdings in American Electric Power by 1.9% in the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after purchasing an additional 271,879 shares during the period. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 83,285 shares during the period. Finally, Barclays PLC raised its position in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after purchasing an additional 57,807 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

American Electric Power stock opened at $138.83 on Friday. The stock has a market capitalization of $75.54 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.76 and a beta of 0.53. American Electric Power Company, Inc. has a 52-week low of $102.06 and a 52-week high of $139.44. The stock’s 50 day moving average price is $130.77 and its two-hundred day moving average price is $126.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm posted $1.54 EPS. The company’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. On average, equities analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is presently 55.80%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. LADENBURG THALM/SH SH decreased their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. TD Cowen raised their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.19.

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.