Mon Sep 09 14:45:39 UTC 2024: ## Institutional Investors Show Interest in American Electric Power (AEP)

**New York, NY – September 9, 2024** – American Electric Power Company, Inc. (AEP) has seen increased interest from institutional investors, with several notable changes in their holdings during recent quarters.

Norden Group LLC boosted its stake in AEP by 15.6% in the second quarter, bringing its total ownership to 5,628 shares worth $494,000. Other notable investors include Vanguard Group Inc., which lifted its stake by 0.8% in the first quarter, now owning 49,630,436 shares valued at $4,273,181,000.

Lazard Asset Management LLC, Envestnet Asset Management Inc., and Mitsubishi UFJ Trust & Banking Corp also increased their holdings in AEP, highlighting the company’s attractiveness to institutional investors. Nomura Holdings Inc. even acquired a new stake in the company during the fourth quarter, valuing it at $175,667,000.

**Analysts Remain Cautious**

Despite the institutional interest, analysts remain cautious on AEP. While some analysts like JPMorgan Chase & Co. have raised their price targets, others like Bank of America have assigned an “underperform” rating. Overall, the consensus rating for AEP remains a “Hold” with an average price target of $94.77, according to MarketBeat.com.

**Solid Earnings and Dividend**

AEP recently reported strong quarterly earnings, exceeding analysts’ expectations. The company also announced a quarterly dividend of $0.88, representing an annualized dividend of $3.52 and a dividend yield of 3.45%.

**Outlook**

AEP’s strong earnings, consistent dividend payouts, and growing institutional interest suggest a positive outlook for the company. However, analysts remain cautious, highlighting the need for further monitoring of the company’s performance in the coming quarters.

**Note:** This news article is based on the provided text and does not reflect any personal opinions or financial advice. Investors should conduct their own due diligence before making any investment decisions.

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