Himension Capital Singapore PTE. LTD. Buys Shares of 6,833 American Electric Power Company, Inc. $AEP

Himension Capital Singapore PTE. LTD. purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 6,833 shares of the company’s stock, valued at approximately $896,000.

A number of other hedge funds have also modified their holdings of AEP. Costello Asset Management INC increased its position in 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 purchasing an additional 100 shares during the last quarter. Activest Wealth Management grew its stake in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Optima Capital LLC acquired a new position in American Electric Power in the fourth quarter worth approximately $26,000. Finally, Union Savings Bank acquired a new position in American Electric Power in the fourth quarter worth approximately $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.4%

Shares of NASDAQ:AEP opened at $130.48 on Wednesday. The company has a market cap of $70.99 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.40 and a beta of 0.52. The stock’s 50-day moving average is $131.26 and its 200-day moving average is $128.92. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company posted $1.54 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is currently 55.80%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank raised their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Wells Fargo & Company raised their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group lifted their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $141.52.

About American Electric Power

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.