Wellington Management Group LLP Acquires 715,613 Shares of American Electric Power Company, Inc. $AEP

Wellington Management Group LLP grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,872,005 shares of the company’s stock after buying an additional 715,613 shares during the quarter. Wellington Management Group LLP’s holdings in American Electric Power were worth $1,897,829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Activest Wealth Management lifted its position in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares in the last quarter. Costello Asset Management INC increased its holdings in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID increased 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 worth $27,000 after purchasing an additional 154 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth approximately $27,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth approximately $27,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Down 0.3%

Shares of AEP stock opened at $122.31 on Friday. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The company’s fifty day simple moving average is $130.42 and its two-hundred day simple moving average is $130.57. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The stock has a market capitalization of $66.59 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.24 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The company’s quarterly 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. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Announces Dividend

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

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Truist Financial lowered their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Wells Fargo & Company raised their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Finally, Jefferies Financial Group upped their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.19.

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.