American Electric Power Company, Inc. $AEP Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,721 shares of the company’s stock after buying an additional 9,828 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in American Electric Power were worth $21,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management grew 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 buying an additional 91 shares in the last quarter. Rakuten Securities Inc. grew 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 buying an additional 219 shares in the last quarter. Optima Capital LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth approximately $26,000. Dogwood Wealth Management LLC grew its position in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Argus raised their price target on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup boosted their target price on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Scotiabank boosted their target price on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.10.

American Electric Power Stock Performance

Shares of AEP opened at $129.31 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. 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 firm has a fifty day moving average of $131.21 and a 200-day moving average of $125.75.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s payout ratio is 55.80%.

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.