Korea Investment CORP Invests $50.49 Million in American Electric Power Company, Inc. $AEP

Korea Investment CORP bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 369,078 shares of the company’s stock, valued at approximately $50,494,000.

A number of other large investors have also recently made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new position in American Electric Power in the fourth quarter valued at $32,032,000. BlackRock Inc. acquired a new stake in shares of American Electric Power during the second quarter worth about $6,980,601,000. Vanguard Group Inc. boosted its stake in shares of American Electric Power by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after buying an additional 828,588 shares during the period. Dockside LLC purchased a new position in shares of American Electric Power during the fourth quarter worth about $1,912,000. Finally, Barclays PLC grew its holdings in shares of American Electric Power by 0.5% during the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after buying an additional 57,807 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays reduced their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Scotiabank lifted their target price on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Citigroup dropped their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. LADENBURG THALM/SH SH cut their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Finally, BMO Capital Markets cut their price target on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.19.

American Electric Power Trading Down 3.8%

Shares of American Electric Power stock opened at $120.94 on Friday. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The company’s 50-day simple moving average is $131.01 and its 200-day simple moving average is $130.48. The firm has a market cap of $65.84 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data 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 net margin of 13.78% and a return on equity of 9.95%. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the business earned $1.43 EPS. American Electric Power’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s payout ratio 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.