OMERS buys $5.48M stake in American Electric Power as earnings miss
What's the deal? OMERS Administration CorpDealroom has a profile for this one. Try Dealroom → has taken a new position in American Electric PowerDealroom has a profile for this one. Try Dealroom → (NASDAQ: AEP), buying 40,034 shares worth about $5,477,000 during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission.
Why now? The disclosure follows a soft quarter for the utility. AEP reported earnings of $1.36 per share for the period ended July 30, missing analysts' consensus of $1.48 by $0.12, though revenue of $5.45 billion beat estimates of $5.34 billion and rose 7% year-over-year.
What's the endgame? AEP has set full-year 2026 guidance of $6.25 to $6.55 in earnings per share; analysts expect $6.37. The company also declared a quarterly dividend of $0.95 per share, payable September 10, equal to a $3.80 annualised payout and a 3.1% yield.
The state of the stock: AEP opened at $121.98 on Tuesday, near its one-year low of $105.70 and well below its high of $140.58. The utility carries a market cap of $66.41 billion and a price-to-earnings ratio of 20.92.
The signal: OMERS joins a wave of institutional buyers — funds and hedge funds now hold 75.24% of AEP — betting on the utility's steady cash flows despite an earnings stumble and a share price trading below its moving averages.
Read more: tickerreport.com
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