Mitsubishi UFJ Asset Management Co. Ltd. Invests $187.79 Million in American Electric Power Company, Inc. $AEP

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,372,661 shares of the company’s stock, valued at approximately $187,794,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC purchased a new position in American Electric Power in the second quarter valued at $1,676,000. Bell Investment Advisors Inc purchased a new stake in American Electric Power during the 2nd quarter worth about $51,000. AMG National Trust Bank acquired a new stake in American Electric Power in the 2nd quarter valued at about $352,000. Simplicity Wealth LLC acquired a new stake in American Electric Power in the 2nd quarter valued at about $958,000. Finally, Trivium Point Advisory LLC acquired a new stake in American Electric Power in the 2nd quarter valued at about $1,358,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho lowered their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. LADENBURG THALM/SH SH reduced their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Jefferies Financial Group raised their target price on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Truist Financial decreased their price target on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday. Finally, Citigroup lowered their price target on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.38.

American Electric Power Stock Up 0.7%

Shares of NASDAQ AEP opened at $126.53 on Tuesday. The business has a 50-day moving average of $131.31 and a two-hundred day moving average of $130.41. The company has a market capitalization of $68.88 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

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.