Harrison Street Private Wealth LLC Takes Position in American Electric Power Company, Inc. $AEP

Harrison Street Private Wealth LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, HoldingsChannel reports. The firm bought 26,690 shares of the company’s stock, valued at approximately $3,499,000. American Electric Power makes up 4.6% of Harrison Street Private Wealth LLC’s portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Soroban Capital Partners LP boosted its position in American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after buying an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake 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 boosted its holdings in American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the last quarter. AQR Capital Management LLC boosted its holdings in 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 valued at $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in American Electric Power by 26.8% during 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 in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of AEP opened at $138.51 on Friday. The company has a market cap of $75.36 billion, a P/E ratio of 20.34, a PEG ratio of 2.47 and a beta of 0.51. The stock has a fifty day moving average price of $131.07 and a 200 day moving average price of $127.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEP. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Monday, April 20th. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Morgan Stanley increased their target price on American Electric Power from $129.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. LADENBURG THALM/SH SH dropped their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Mizuho raised their price objective on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $141.38.

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.