Crossmark Global Holdings Inc. Has $2.66 Million Stake in American Electric Power Company, Inc. $AEP

Crossmark Global Holdings Inc. boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 31.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,053 shares of the company’s stock after purchasing an additional 5,538 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Electric Power were worth $2,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AEP. Victory Capital Management Inc. grew its stake in American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares in the last quarter. Soroban Capital Partners LP grew its stake in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after buying an additional 1,529,662 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after purchasing an additional 1,400,547 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after purchasing an additional 1,285,279 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AEP shares. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company raised their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Truist Financial started coverage on shares of American Electric Power in a research note on Tuesday, April 21st. They issued a “buy” rating and a $148.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.29.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the transaction, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the transaction, the executive vice president owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is owned by company insiders.

American Electric Power Stock Up 0.4%

Shares of NASDAQ AEP opened at $130.70 on Tuesday. The company has a 50 day simple moving average of $132.62 and a 200 day simple moving average of $124.34. The firm has a market cap of $71.11 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $139.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last issued 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. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

American Electric Power 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.