Barclays PLC Acquires 57,807 Shares of American Electric Power Company, Inc. $AEP

by · The Cerbat Gem

Barclays PLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,626,841 shares of the company’s stock after purchasing an additional 57,807 shares during the quarter. American Electric Power accounts for 0.3% of Barclays PLC’s portfolio, making the stock its 22nd biggest holding. Barclays PLC’s holdings in American Electric Power were worth $1,225,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEP. Brighton Jones LLC lifted its holdings in shares of American Electric Power by 11.5% during 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 in the last quarter. Acadian Asset Management LLC bought a new position in shares of American Electric Power during the first quarter valued at $320,000. Sivia Capital Partners LLC lifted its holdings in shares of American Electric Power by 149.5% during the second 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 in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. lifted its holdings in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Up 0.6%

AEP stock opened at $129.23 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The business’s 50-day moving average is $131.28 and its two-hundred day moving average is $125.67. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a market cap of $70.31 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.58 and a beta of 0.53.

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, beating analysts’ consensus estimates of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate 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 revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s dividend payout ratio is presently 55.80%.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, April 20th. Truist Financial lowered their target price on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 29th. BMO Capital Markets lowered their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. Morgan Stanley lowered their target price on American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

Get Our Latest Stock Report 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.

Featured Articles

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP – Free Report).