American Electric Power Company, Inc. $AEP Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 151,598 shares of the company’s stock after purchasing an additional 24,451 shares during the period. QRG Capital Management Inc.’s holdings in American Electric Power were worth $19,872,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Rakuten Securities Inc. raised its holdings in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Optima Capital LLC purchased a new stake in shares of American Electric Power in the 4th quarter valued at $26,000. Union Savings Bank acquired a new position in American Electric Power during the 4th quarter worth about $27,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in American Electric Power by 200.0% during the 4th 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. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $138.51 on Friday. The business has a fifty day moving average price of $131.21 and a 200 day moving average price of $127.25. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $139.44. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.54 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted 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 company had revenue of $6.02 billion for 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%.American Electric Power’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.7%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AEP shares. Wells Fargo & Company lifted their target price on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Barclays increased their price target on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Mizuho upped their target price on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.38.

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.