Saudi Central Bank Boosts Stock Position in American Electric Power Company, Inc. $AEP

Saudi Central Bank lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 93.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,049 shares of the company’s stock after buying an additional 18,335 shares during the quarter. Saudi Central Bank’s holdings in American Electric Power were worth $5,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new position in shares of American Electric Power during the fourth quarter valued at approximately $32,032,000. BlackRock Inc. acquired a new stake in shares of American Electric Power in the second quarter worth approximately $6,980,601,000. Dockside LLC acquired a new stake in shares of American Electric Power in the fourth quarter worth approximately $1,912,000. Barclays PLC increased its position in shares of American Electric Power by 0.5% during the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after purchasing an additional 57,807 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of American Electric Power during the fourth quarter worth approximately $2,318,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $124.50 on Monday. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The stock has a market cap of $67.78 billion, a PE ratio of 21.36, a P/E/G ratio of 2.63 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The stock has a 50 day moving average price of $129.28 and a 200 day moving average price of $130.56.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the firm posted $1.43 EPS. The business’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 6.39 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.1%. American Electric Power’s payout ratio is presently 65.18%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEP. Truist Financial reduced their price objective on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Jefferies Financial Group lifted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. BMO Capital Markets reduced their target price on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. LADENBURG THALM/SH SH decreased their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Finally, Barclays decreased their price target on shares of 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. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

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.