American Electric Power Company, Inc. $AEP Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 208.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,223 shares of the company’s stock after acquiring an additional 67,103 shares during the period. Rakuten Investment Management Inc.’s holdings in American Electric Power were worth $11,487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Optima Capital LLC purchased a new position in shares of American Electric Power in the fourth quarter worth approximately $26,000. Dogwood Wealth Management LLC raised its holdings in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Raymond James Financial restated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Barclays boosted their price target on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, April 20th. Finally, TD Cowen boosted their price target on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Trading Up 0.3%

Shares of NASDAQ AEP opened at $129.75 on Wednesday. American Electric Power Company, Inc. has a one year low of $100.72 and a one year high of $139.44. The firm has a market capitalization of $70.60 billion, a PE ratio of 19.05, a PEG ratio of 2.58 and a beta of 0.53. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $131.16 and a two-hundred day moving average price of $125.80.

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

American Electric Power Dividend Announcement

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