Several institutional investors have recently bought or sold shares of American Electric Power. Notably, Nomura Holdings acquired a new stake worth $175.67 million in Q4. Mitsubishi UFJ Trust increased its stake by 542.4% in Q1, owning 2.28 million shares valued at $193.54 million. Nordea Investment Management boosted its investment by 381.9% during the same quarter, now owning nearly 2 million shares worth about $171.13 million. National Bank of Canada increased its position by 221.9%, holding 1.72 million shares valued at $157.14 million. Envestnet Asset Management also raised its stake by 67.7% in Q4, now owning over 2.58 million shares valued at $210.05 million. Around 75.24% of the stock is held by hedge funds and institutional investors.
Analyst Ratings Changes
Recent analyst updates include Scotiabank raising their price target from $99 to $108, rating it as “sector outperform.” Morgan Stanley also increased their target to $108, maintaining an “overweight” rating. Jefferies initiated coverage with a “hold” rating at $107. Barclays adjusted their target from $91 to $96, and JPMorgan also increased their target to $108. Currently, two analysts recommend selling, seven suggest holding, and six recommend buying, leading to a consensus rating of “Hold” with a target price of $96.79.
Get Our Latest Analysis on AEP
American Electric Power Trading Trends
American Electric Power shares opened at $101.37. The stock has a 50-day moving average of $100.29 and a 200-day average of $92.11, with a yearly range of $69.38 to $105.18. The company has a market cap of $53.43 billion with a P/E ratio of 18.81 and a beta of 0.54. Its latest quarterly earnings showed $1.25 per share, beating estimates of $1.23, with revenue of $4.60 billion.
Dividend Announcement
American Electric Power declared a dividend of $0.88 per share payable on September 10, representing an annual yield of 3.47%. The company’s payout ratio is currently 65.31%.
Company Profile
American Electric Power Company, Inc. is a utility firm engaged in generating, transmitting, and distributing electricity in the U.S. through various segments.
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