Russell Investments Group Ltd. Has $147.13 Million Position in American Electric Power Company, Inc. $AEP

Russell Investments Group Ltd. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,275,949 shares of the company’s stock after acquiring an additional 45,820 shares during the quarter. Russell Investments Group Ltd.’s holdings in American Electric Power were worth $147,134,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AEP. Ibex Wealth Advisors grew its stake in American Electric Power by 4.5% during the 4th quarter. Ibex Wealth Advisors now owns 54,569 shares of the company’s stock valued at $6,292,000 after acquiring an additional 2,360 shares in the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of American Electric Power in the fourth quarter worth approximately $2,814,000. Atom Investors LP acquired a new stake in shares of American Electric Power during the fourth quarter worth approximately $2,107,000. Clark Capital Management Group Inc. purchased a new position in American Electric Power during the fourth quarter valued at approximately $206,000. Finally, Captrust Financial Advisors grew its position in American Electric Power by 1.0% during the fourth quarter. Captrust Financial Advisors now owns 103,873 shares of the company’s stock valued at $11,978,000 after purchasing an additional 1,022 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports 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. Mizuho boosted their price target on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Evercore upped their price target on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. UBS Group lifted their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Price Performance

NASDAQ AEP opened at $129.75 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $70.60 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. American Electric Power Company, Inc. has a 12-month low of $100.72 and a 12-month high of $139.44. The company has a 50 day moving average price of $131.16 and a two-hundred day moving average price of $125.80.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. American Electric Power’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

American Electric Power 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.