Tema ETFs LLC Has $35.70 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Tema ETFs LLC increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 44.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 260,961 shares of the company’s stock after purchasing an additional 79,705 shares during the quarter. American Electric Power makes up 1.2% of Tema ETFs LLC’s holdings, making the stock its 21st largest position. Tema ETFs LLC’s holdings in American Electric Power were worth $35,702,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AEP. Brighton Jones LLC lifted its position in shares of 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 buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC increased its holdings in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after acquiring an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in American Electric Power by 4.4% in the 2nd 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 period. Finally, AXA S.A. raised its stake in American Electric Power by 95.7% in the 2nd 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 period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research analyst reports. Mizuho reduced their price objective on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Raymond James Financial restated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. The Goldman Sachs Group lifted their target price on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Citigroup decreased their price target on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $140.71.

American Electric Power Stock Up 0.6%

AEP stock opened at $123.58 on Wednesday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The stock has a market capitalization of $67.28 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.20 and a beta of 0.52. The business’s fifty day moving average price is $131.46 and its two-hundred day moving average price is $130.19.

American Electric Power (NASDAQ:AEP) last released 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 business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the company posted $1.43 earnings per share. The company’s 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. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share 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. Shareholders of record on Monday, August 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio is presently 65.18%.

American Electric Power Company 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.