PDT Partners LLC Acquires New Stake in American Electric Power Company, Inc. $AEP

PDT Partners LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,900 shares of the company’s stock, valued at approximately $3,543,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AEP. BlackRock Inc. acquired a new position in shares of American Electric Power during the second quarter worth $6,980,601,000. GQG Partners LLC acquired a new position in American Electric Power in the 2nd quarter worth approximately $1,404,094,000. Legal & General Group Plc purchased a new position in shares of American Electric Power during the second quarter worth $680,638,000. Bank of New York Mellon Corp purchased a new position in shares of American Electric Power during the 2nd quarter valued at about $495,495,000. Finally, Soroban Capital Partners LP lifted its holdings in American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after acquiring an additional 2,555,415 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 0.5%

AEP opened at $123.36 on Thursday. The company has a market cap of $67.16 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.24 and a beta of 0.52. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The business’s fifty day moving average is $130.63 and its two-hundred day moving average is $130.62. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50.

American Electric Power (NASDAQ:AEP) last released its quarterly 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). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio is currently 65.18%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEP. LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Truist Financial lowered their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Jefferies Financial Group raised their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Citigroup lowered their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power 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.