Macquarie Group Ltd. Has $66.18 Million Stock Position in American Electric Power Company, Inc. $AEP

Macquarie Group Ltd. trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 61.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 573,938 shares of the company’s stock after selling 913,037 shares during the period. Macquarie Group Ltd.’s holdings in American Electric Power were worth $66,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Rakuten Securities Inc. increased its position in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Optima Capital LLC acquired a new stake in American Electric Power in the fourth quarter worth about $26,000. Dogwood Wealth Management LLC increased its position in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the period. Finally, Legacy Wealth Managment LLC ID increased its position in American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of AEP opened at $129.23 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The stock has a market cap of $70.31 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.53. The stock’s 50-day moving average price is $131.28 and its two-hundred day moving average price is $125.67.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (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 firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the business earned $1.54 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is 55.80%.

Analyst Ratings Changes

A number of analysts recently commented on AEP shares. UBS Group lifted their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Raymond James Financial restated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Wednesday, March 4th. Finally, BMO Capital Markets reduced their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $141.10.

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.