American Electric Power Company, Inc. $AEP Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,823,744 shares of the company’s stock after purchasing an additional 83,285 shares during the quarter. Geode Capital Management LLC’s holdings in American Electric Power were worth $1,587,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Brighton Jones LLC boosted its holdings in American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new position in American Electric Power in the first quarter valued at $320,000. Sivia Capital Partners LLC boosted its holdings in American Electric Power by 149.5% in the second 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 boosted its holdings in 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 acquiring an additional 105 shares during the last quarter. Finally, AXA S.A. boosted its holdings in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after acquiring an additional 38,684 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 1.4%

Shares of NASDAQ AEP opened at $127.76 on Friday. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The firm has a market cap of $69.51 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The stock’s 50-day simple moving average is $131.71 and its 200-day simple moving average is $125.29.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power’s dividend payout ratio is presently 55.80%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays boosted their price objective on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Evercore boosted their price objective on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Citigroup boosted their price objective on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group boosted their price objective on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

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.