American Electric Power Company, Inc. $AEP Shares Bought by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,304 shares of the company’s stock after acquiring an additional 11,189 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in American Electric Power were worth $22,068,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Navellier & Associates Inc. raised its position in shares of American Electric Power by 105.8% in the 2nd quarter. Navellier & Associates Inc. now owns 4,117 shares of the company’s stock valued at $563,000 after purchasing an additional 2,117 shares during the last quarter. Wellington Management Group LLP boosted its stake in American Electric Power by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after purchasing an additional 715,613 shares in the last quarter. Archer Investment Corp purchased a new stake in American Electric Power during the 2nd quarter worth approximately $2,011,000. Kingsview Wealth Management LLC purchased a new stake in American Electric Power during the 2nd quarter worth approximately $3,387,000. Finally, Beacon Pointe Advisors LLC acquired a new position in American Electric Power during the 2nd quarter valued at approximately $5,313,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AEP. Wells Fargo & Company raised their price target on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Trading Down 0.3%

Shares of American Electric Power stock opened at $122.31 on Friday. The stock has a market cap of $66.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. The firm has a fifty day moving average price of $130.42 and a 200 day moving average price of $130.57. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 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.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

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

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.