Man Group plc Acquires New Shares in American Electric Power Company, Inc. $AEP

Man Group plc acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,867 shares of the company’s stock, valued at approximately $1,213,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC boosted its holdings in shares of American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares during the period. Costello Asset Management INC increased its holdings in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Union Savings Bank bought a new stake in American Electric Power in the 4th quarter valued at about $27,000. Legacy Wealth Managment LLC ID lifted its position in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares during the last quarter. Finally, Acumen Wealth Advisors LLC acquired a new position in American Electric Power during the 4th quarter valued at about $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $123.57 on Thursday. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $67.27 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.60 and a beta of 0.51. The firm has a 50-day moving average of $129.81 and a two-hundred day moving average of $130.63.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data 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). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter 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 expect that American Electric Power Company, Inc. will post 6.38 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. Shareholders 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 annualized dividend and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio is currently 65.18%.

Analyst Ratings Changes

AEP has been the topic of several analyst reports. Barclays dropped their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Scotiabank increased their price objective on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Finally, Mizuho decreased their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.