American Electric Power Company, Inc. $AEP Shares Purchased by Saudi Central Bank

Saudi Central Bank increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 93.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 38,049 shares of the company’s stock after acquiring an additional 18,335 shares during the period. Saudi Central Bank’s holdings in American Electric Power were worth $5,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $32,032,000. BlackRock Inc. acquired a new stake in American Electric Power in the 2nd quarter valued at approximately $6,980,601,000. Dockside LLC purchased a new stake in American Electric Power in the fourth quarter valued at approximately $1,912,000. Barclays PLC boosted its position in shares of American Electric Power by 0.5% during the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after buying an additional 57,807 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of American Electric Power during the fourth quarter worth about $2,318,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $124.50 on Monday. The business has a 50 day moving average price of $129.28 and a 200 day moving average price of $130.56. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The stock has a market cap of $67.78 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.63 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Mizuho decreased their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. BMO Capital Markets decreased their price objective on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their price objective on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Morgan Stanley cut their target price on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.19.

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.