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

Tema ETFs LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 44.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,961 shares of the company’s stock after purchasing an additional 79,705 shares during the quarter. American Electric Power accounts for 1.2% of Tema ETFs LLC’s portfolio, 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 institutional investors and hedge funds also recently made changes to their positions in AEP. Activest Wealth Management grew its position in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Optima Capital LLC acquired a new stake in American Electric Power during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. lifted its stake in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. 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 valued at $26,000 after buying an additional 100 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.6%

American Electric Power stock opened at $123.58 on Wednesday. The firm has a 50-day moving average of $131.46 and a 200-day moving average of $130.19. American Electric Power Company, Inc. has a one year low of $105.70 and a one year 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 company has a market cap of $67.28 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.20 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $5.34 billion. During the same period in the prior year, the firm posted $1.43 EPS. American Electric Power’s revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s payout ratio is 65.18%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research analyst reports. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. Mizuho lowered 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. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Barclays dropped their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group boosted their price target on American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $140.71.

About American Electric Power

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.