Himension Capital Singapore PTE. LTD. Makes New $896,000 Investment in American Electric Power Company, Inc. $AEP

Himension Capital Singapore PTE. LTD. purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,833 shares of the company’s stock, valued at approximately $896,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Essex Financial Services Inc. boosted its stake in shares of American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after acquiring an additional 75 shares in the last quarter. Cornerstone Advisory LLC raised its position in shares of American Electric Power by 1.3% during the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after purchasing an additional 75 shares during the period. Financial Enhancement Group LLC raised its position in shares of American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after purchasing an additional 76 shares during the period. J2 Capital Management Inc lifted its holdings in shares of American Electric Power by 2.0% during the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of American Electric Power by 2.9% during the first quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock valued at $381,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $130.48 on Wednesday. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. 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 cap of $70.99 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.52. The business has a fifty day simple moving average of $131.26 and a 200-day simple moving average of $128.92.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The firm 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is currently 55.80%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AEP. Wells Fargo & Company lifted their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. dropped 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 research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $141.52.

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.