RWC Asset Management LLP Lowers Position in American Electric Power Company, Inc. $AEP

RWC Asset Management LLP reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 38.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,775 shares of the company’s stock after selling 39,652 shares during the quarter. RWC Asset Management LLP’s holdings in American Electric Power were worth $7,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after buying an additional 828,588 shares during the last quarter. State Street Corp raised its position in American Electric Power by 1.4% in the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after buying an additional 406,445 shares during the last quarter. Geode Capital Management LLC grew 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 purchasing an additional 83,285 shares during the period. Ameriprise Financial Inc. grew its stake in American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after purchasing an additional 1,285,279 shares during the period. Finally, Victory Capital Management Inc. grew its stake in American Electric Power by 105.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after purchasing an additional 2,763,328 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $129.14 on Monday. American Electric Power Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The business has a 50-day simple moving average of $131.52 and a two-hundred day simple moving average of $125.47. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The company has a market cap of $70.27 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.57 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its earnings results 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 return on equity of 10.21% and a net margin of 16.29%.The business 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 company earned $1.54 EPS. The firm’s 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. Research analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Scotiabank upped their price objective on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Mizuho upped their price objective on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Barclays upped their price objective on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Raymond James Financial restated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.10.

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.