Public Employees Retirement System of Ohio Invests $31.98 Million in American Electric Power Company, Inc. $AEP

Public Employees Retirement System of Ohio bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 233,772 shares of the company’s stock, valued at approximately $31,982,000.

A number of other hedge funds have also bought and sold shares of AEP. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Costello Asset Management INC increased its holdings in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID raised its position in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at approximately $27,000. Finally, Union Savings Bank bought a new position in American Electric Power during the fourth quarter worth $27,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP opened at $122.31 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $130.42 and its 200-day moving average is $130.57. The stock has a market cap of $66.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve 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 analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio is presently 65.18%.

Analyst Ratings Changes

AEP has been the subject of a number of research reports. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. BMO Capital Markets lowered their price objective on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Mizuho dropped their price objective on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Finally, Jefferies Financial Group lifted their target price on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average price target of $140.19.

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.