Mediolanum International Funds Ltd Makes New $15.97 Million Investment in American Electric Power Company, Inc. $AEP

Mediolanum International Funds Ltd acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, Holdings Channel.com reports. The firm acquired 121,790 shares of the company’s stock, valued at approximately $15,969,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AEP. Activest Wealth Management boosted its stake in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Optima Capital LLC purchased a new stake in American Electric Power in the 4th quarter worth about $26,000. Rakuten Securities Inc. raised its position in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Costello Asset Management INC lifted its stake in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its stake in American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP stock opened at $132.14 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company has a market capitalization of $71.90 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.42 and a beta of 0.52. The company’s 50-day simple moving average is $131.28 and its two-hundred day simple moving average is $128.71. 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 Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company posted $1.54 earnings per share. The company’s quarterly revenue 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 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Analyst Upgrades and Downgrades

AEP has been the subject of several recent analyst reports. Barclays boosted their target price on American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Monday, July 13th. Raymond James Financial reissued an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, April 20th. LADENBURG THALM/SH SH cut their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group increased their target price 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. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.52.

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.