TD Waterhouse Canada Inc. Has $28.59 Million Stake in American Electric Power Company, Inc. $AEP

TD Waterhouse Canada Inc. increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,586 shares of the company’s stock after buying an additional 28,479 shares during the period. TD Waterhouse Canada Inc.’s holdings in American Electric Power were worth $28,595,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of American Electric Power during the first quarter worth $320,000. Sivia Capital Partners LLC increased its holdings in American Electric Power by 149.5% in the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares during the last quarter. Finally, AXA S.A. lifted its stake in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after buying an additional 38,684 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEP. Jefferies Financial Group raised their target price on American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Morgan Stanley lowered their price target on American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Citigroup cut their price target on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, TD Cowen boosted their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Stock Down 0.2%

Shares of American Electric Power stock opened at $124.50 on Friday. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The business has a 50-day moving average of $129.28 and a two-hundred day moving average of $130.55. The company has a market capitalization of $67.78 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 6.39 EPS for the current year.

American Electric Power Dividend Announcement

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

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.