Pacer Advisors Inc. Raises Position in American Electric Power Company, Inc. $AEP

Pacer Advisors Inc. raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 89,162 shares of the company’s stock after acquiring an additional 6,803 shares during the period. Pacer Advisors Inc.’s holdings in American Electric Power were worth $10,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its position in shares of American Electric Power by 63.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 584 shares of the company’s stock valued at $67,000 after purchasing an additional 226 shares in the last quarter. Monetary Solutions Ltd bought a new position in American Electric Power in the fourth quarter worth $86,000. MV Capital Management Inc. bought a new position in American Electric Power in the fourth quarter worth $43,000. Compound Planning Inc. raised its holdings in American Electric Power by 5.0% in the fourth quarter. Compound Planning Inc. now owns 11,068 shares of the company’s stock worth $1,276,000 after purchasing an additional 529 shares in the last quarter. Finally, Claris Financial LLC purchased a new position in American Electric Power during the fourth quarter valued at $312,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $127.73 on Monday. The company has a market capitalization of $69.50 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $130.83 and a 200 day moving average of $125.93. American Electric Power Company, Inc. has a twelve month low of $101.11 and a twelve month high of $139.44.

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

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is currently 55.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. UBS Group lifted their price target on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. TD Cowen boosted their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. BMO Capital Markets cut their price objective on shares of 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. Finally, Raymond James Financial restated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

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.