Quantinno Capital Management LP Raises Stake in American Electric Power Company, Inc. $AEP

Quantinno Capital Management LP lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,049 shares of the company’s stock after buying an additional 49,361 shares during the quarter. Quantinno Capital Management LP’s holdings in American Electric Power were worth $47,982,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AEP. Costello Asset Management INC increased its stake in American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management grew its holdings in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of 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 last quarter. Optima Capital LLC bought a new position in shares of American Electric Power in the fourth quarter worth approximately $26,000. Finally, Union Savings Bank purchased a new stake in American Electric Power in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 2.5%

AEP stock opened at $129.65 on Thursday. The company has a market capitalization of $70.54 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.39 and a beta of 0.52. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The company’s 50 day moving average price is $131.91 and its two-hundred day moving average price is $129.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the company earned $1.54 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AEP shares. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Wells Fargo & Company raised their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Scotiabank lifted their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. reduced their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $141.71.

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.