NEOS Investment Management LLC Buys 53,441 Shares of American Electric Power Company, Inc. $AEP

NEOS Investment Management LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 14.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,913 shares of the company’s stock after acquiring an additional 53,441 shares during the quarter. NEOS Investment Management LLC owned about 0.08% of American Electric Power worth $57,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of American Electric Power during the 2nd quarter valued at approximately $6,980,601,000. State Street Corp raised its holdings in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after buying an additional 1,514,865 shares during the period. Morgan Stanley lifted its position in American Electric Power by 1.9% in the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after buying an additional 271,879 shares during the last quarter. Wellington Management Group LLP lifted its position in American Electric Power by 5.4% in the second quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after buying an additional 715,613 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after buying an additional 83,285 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.9%

Shares of AEP opened at $124.71 on Friday. The firm has a fifty day moving average price of $129.57 and a 200-day moving average price of $130.59. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $67.89 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.62 and a beta of 0.51. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58.

American Electric Power (NASDAQ:AEP) last posted 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 return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s quarterly revenue 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 expect that American Electric Power Company, Inc. will post 6.38 earnings per share for the current year.

American Electric Power Announces Dividend

The business 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 of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. LADENBURG THALM/SH SH lowered their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets reduced their price objective on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.