Harel Insurance Investments & Financial Services Ltd. Has $729,000 Stake in American Electric Power Company, Inc. $AEP

Harel Insurance Investments & Financial Services Ltd. raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 853.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,560 shares of the company’s stock after acquiring an additional 4,977 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in American Electric Power were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEP. Northstar Financial Companies Inc. grew its holdings in American Electric Power by 82.0% in the 1st quarter. Northstar Financial Companies Inc. now owns 14,142 shares of the company’s stock valued at $1,854,000 after buying an additional 6,371 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of American Electric Power by 65.3% during the first quarter. Sigma Planning Corp now owns 10,406 shares of the company’s stock worth $1,364,000 after buying an additional 4,110 shares during the last quarter. Cornerstone Advisory LLC boosted its position in shares of American Electric Power by 1.3% in the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after acquiring an additional 75 shares during the period. 1ST Source Bank boosted its position in shares of American Electric Power by 2.5% in the first quarter. 1ST Source Bank now owns 26,715 shares of the company’s stock valued at $3,502,000 after acquiring an additional 656 shares during the period. Finally, Checchi Capital Advisers LLC grew its stake in shares of American Electric Power by 7.4% in the first quarter. Checchi Capital Advisers LLC now owns 6,985 shares of the company’s stock worth $916,000 after acquiring an additional 483 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEP. LADENBURG THALM/SH SH dropped 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 research report on Thursday, June 18th. Truist Financial cut their price objective on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Barclays increased their target price on shares of American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Monday, April 20th. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.48.

American Electric Power Trading Up 0.5%

Shares of American Electric Power stock opened at $133.13 on Friday. American Electric Power Company, Inc. has a 52-week low of $105.02 and a 52-week high of $140.58. The firm has a market capitalization of $72.44 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.43 and a beta of 0.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company’s fifty day moving average price is $131.24 and its two-hundred day moving average price is $128.59.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter 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, analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

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.