Sei Investments Co. Grows Stake in American Electric Power Company, Inc. $AEP

by · The Markets Daily

Sei Investments Co. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 39.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,411,734 shares of the company’s stock after buying an additional 402,502 shares during the period. Sei Investments Co.’s holdings in American Electric Power were worth $185,051,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Costello Asset Management INC raised its position in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. 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 acquiring an additional 91 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. Optima Capital LLC bought a new position in shares of American Electric Power during the fourth quarter worth $26,000. Finally, Union Savings Bank purchased a new position in American Electric Power during the fourth quarter valued at $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Up 2.0%

Shares of AEP opened at $133.07 on Thursday. The stock has a market capitalization of $72.40 billion, a PE ratio of 19.54, a P/E/G ratio of 2.39 and a beta of 0.52. The company’s fifty day moving average is $131.36 and its 200 day moving average is $129.04. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58.

American Electric Power (NASDAQ:AEP – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $1.54 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. TD Cowen increased their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. 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 report on Wednesday, May 6th. Citigroup lifted their target price on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their target price on American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Thirteen 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 currently has an average rating of “Moderate Buy” and an average target price of $141.71.

View Our Latest Analysis on American Electric Power

About American Electric Power

(Free Report)

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.

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