Mitsubishi UFJ Asset Management Co. Ltd. Invests $187.79 Million in American Electric Power Company, Inc. $AEP

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,372,661 shares of the company’s stock, valued at approximately $187,794,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of American Electric Power as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares during the period. Acadian Asset Management LLC purchased a new position in American Electric Power during the first quarter worth about $320,000. Sivia Capital Partners LLC boosted its holdings in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after buying an additional 105 shares during the period. Finally, AXA S.A. grew its stake in shares of American Electric Power by 95.7% in the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after buying an additional 38,684 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $126.53 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $68.88 billion, a PE ratio of 21.70, a P/E/G ratio of 2.25 and a beta of 0.52. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The business’s fifty day moving average price is $131.31 and its 200 day moving average price is $130.41.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the company posted $1.43 EPS. American Electric Power’s 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. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The firm 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. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley increased their price objective on American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, April 20th. Barclays reduced their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Finally, Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $140.38.

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.