ING Groep NV Invests $9.44 Million in American Electric Power Company, Inc. $AEP

ING Groep NV purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 81,880 shares of the company’s stock, valued at approximately $9,442,000.

Other hedge funds have also recently modified their holdings of the company. Czech National Bank lifted its position in shares of American Electric Power by 3.9% in the 4th quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after purchasing an additional 5,314 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock worth $33,869,000 after purchasing an additional 8,302 shares during the period. Cyndeo Wealth Partners LLC lifted its position in shares of American Electric Power by 983.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock worth $7,365,000 after purchasing an additional 57,977 shares during the period. Merit Financial Group LLC lifted its position in shares of American Electric Power by 17.7% in the 4th quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock worth $7,325,000 after purchasing an additional 9,532 shares during the period. Finally, GF Fund Management CO. LTD. lifted its position in shares of American Electric Power by 7.4% in the 4th quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock worth $13,171,000 after purchasing an additional 7,833 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the subject of a number of analyst reports. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Monday, April 20th. Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a research report on Friday, February 13th. Citigroup increased their target price on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets decreased their target price on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. Finally, Barclays increased their target price on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $141.10.

American Electric Power Stock Performance

NASDAQ:AEP opened at $129.14 on Monday. American Electric Power Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The firm has a 50 day moving average of $131.52 and a 200 day moving average of $125.47. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $70.27 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.57 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. American Electric Power’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

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.