Rockefeller Capital Management L.P. Has $40.66 Million Holdings in American Electric Power Company, Inc. $AEP

Rockefeller Capital Management L.P. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 29.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 352,658 shares of the company’s stock after acquiring an additional 81,272 shares during the period. Rockefeller Capital Management L.P.’s holdings in American Electric Power were worth $40,665,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Dogwood Wealth Management LLC grew its holdings in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Optima Capital LLC acquired a new position in American Electric Power during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. raised its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its position in shares of American Electric Power by 200.0% in the fourth 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 period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $127.73 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market capitalization of $69.50 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.55 and a beta of 0.53. The company’s fifty day moving average is $130.83 and its two-hundred day moving average is $125.93. American Electric Power Company, Inc. has a 52-week low of $101.11 and a 52-week high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (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 the consensus estimate of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEP. JPMorgan Chase & Co. decreased their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Evercore lifted their target price on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Truist Financial cut their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Barclays upped their price target on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Citigroup raised their price target on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $140.86.

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.