Jupiter Topco LLC Takes Position in American Electric Power Company, Inc. $AEP

Jupiter Topco LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,149,485 shares of the company’s stock, valued at approximately $294,069,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in shares of American Electric Power by 22.9% in the second quarter. Hsbc Holdings PLC now owns 1,088,392 shares of the company’s stock valued at $149,183,000 after acquiring an additional 202,655 shares during the period. EFG International AG purchased a new position in shares of American Electric Power during the 2nd quarter worth about $98,000. Ancora Advisors LLC purchased a new position in shares of American Electric Power during the second quarter valued at approximately $1,486,000. PDT Partners LLC purchased a new stake in shares of American Electric Power in the second quarter worth approximately $3,543,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of American Electric Power in the second quarter worth approximately $18,411,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the subject of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Morgan Stanley dropped their target price on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. 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 report on Wednesday, July 1st. Barclays cut their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Finally, Scotiabank increased their price target on 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Stock Up 0.6%

NASDAQ:AEP opened at $122.77 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company’s fifty day moving average price is $130.72 and its 200-day moving average price is $130.60. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The firm has a market capitalization of $66.84 billion, a P/E ratio of 21.06, a PEG ratio of 2.23 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (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 for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

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.