American Electric Power Company, Inc. $AEP Stock Position Lifted by Magellan Asset Management Ltd

Magellan Asset Management Ltd raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 18.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,001 shares of the company’s stock after buying an additional 63,068 shares during the period. Magellan Asset Management Ltd’s holdings in American Electric Power were worth $52,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Vanguard Group Inc. increased 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 period. State Street Corp lifted its position 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 worth $3,509,780,000 after purchasing an additional 1,514,865 shares during the period. Morgan Stanley boosted its stake in American Electric Power by 1.9% during the 4th 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 in the last quarter. Geode Capital Management LLC boosted its stake in American Electric Power by 0.6% during 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 in the last quarter. Finally, Barclays PLC increased its position in shares of American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after purchasing an additional 57,807 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

NASDAQ AEP opened at $130.48 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market capitalization of $70.99 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.52. The company has a 50 day simple moving average of $131.26 and a 200-day simple moving average of $128.92. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. During the same period in the previous year, the company posted $1.54 EPS. American Electric Power’s 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. Equities research analysts predict that American Electric Power Company, Inc. will post 6.35 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 dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEP. Barclays lifted their target price on American Electric Power from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Monday, July 13th. Scotiabank raised their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, April 20th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.52.

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.