233,772 Shares in American Electric Power Company, Inc. $AEP Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 233,772 shares of the company’s stock, valued at approximately $31,982,000.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in American Electric Power during the first quarter worth $320,000. Sivia Capital Partners LLC grew its stake in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after acquiring an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares during the last quarter. Finally, AXA S.A. raised its position in shares of American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after purchasing an additional 38,684 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AEP. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Raymond James Financial restated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Truist Financial reduced their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Barclays decreased their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Stock Performance

Shares of AEP stock opened at $122.31 on Friday. The firm has a market capitalization of $66.59 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The company has a 50 day moving average price of $130.42 and a 200 day moving average price of $130.57. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

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

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.