The Manufacturers Life Insurance Company Acquires New Holdings in American Electric Power Company, Inc. $AEP

The Manufacturers Life Insurance Company acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,186,541 shares of the company’s stock, valued at approximately $162,331,000. The Manufacturers Life Insurance Company owned 0.22% of American Electric Power as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. Essex Financial Services Inc. lifted its stake in shares of American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after acquiring an additional 75 shares during the period. Cornerstone Advisory LLC boosted its holdings in shares of American Electric Power by 1.3% in the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after acquiring an additional 75 shares in the last quarter. Financial Enhancement Group LLC increased its stake in shares of American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after acquiring an additional 76 shares during the period. Community Trust & Investment Co. increased its stake in shares of American Electric Power by 1.7% during the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after acquiring an additional 77 shares during the period. Finally, J2 Capital Management Inc increased its stake in shares of American Electric Power by 2.0% during the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after acquiring an additional 79 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 0.9%

NASDAQ AEP opened at $121.98 on Tuesday. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a market capitalization of $66.41 billion, a P/E ratio of 20.92, a PEG ratio of 2.17 and a beta of 0.52. The company’s 50 day simple moving average is $130.86 and its 200 day simple moving average is $130.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio is 65.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. BMO Capital Markets lowered their price target on 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. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. decreased their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.