4,855 Shares of American Electric Power Company, Inc. $AEP Purchased by SFE Investment Counsel

SFE Investment Counsel purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the third quarter, HoldingsChannel reports. The fund purchased 4,855 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of American Electric Power in the 2nd quarter worth about $6,980,601,000. Silvant Capital Management LLC purchased a new position in shares of American Electric Power during the 2nd quarter worth about $2,278,000. Kayne Anderson Capital Advisors LP bought a new position in American Electric Power during the 2nd quarter valued at about $8,448,000. Bellars Harris Wealth Management LLC bought a new position in American Electric Power during the 2nd quarter valued at about $10,377,000. Finally, Oxford Financial Group LTD. LLC bought a new position in American Electric Power during the 2nd quarter valued at about $1,208,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

American Electric Power Price Performance

Shares of AEP stock opened at $130.21 on Friday. The company has a market capitalization of $70.90 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.68 and a beta of 0.48. The company’s 50-day simple moving average is $123.35 and its two-hundred day simple moving average is $127.93. American Electric Power Company, Inc. has a one year low of $112.54 and a one year high of $140.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.19. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 6.41 EPS for the current year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. American Electric Power’s dividend payout ratio (DPR) is 61.39%.

More American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Citigroup dropped their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Barclays cut their target price on American Electric Power from $129.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. Finally, Mizuho reduced their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.