American Electric Power Company, Inc. $AEP Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 600.9% in the fourth quarter, Holdings Channel reports. The fund owned 381,169 shares of the company’s stock after purchasing an additional 326,789 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in American Electric Power were worth $43,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AEP. Activest Wealth Management lifted its holdings in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the period. Dogwood Wealth Management LLC lifted its holdings in shares of American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after buying an additional 175 shares during the period. Optima Capital LLC acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its holdings in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ AEP opened at $127.68 on Tuesday. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The company has a market capitalization of $69.47 billion, a P/E ratio of 18.75, a PEG ratio of 2.50 and a beta of 0.56. The business has a 50 day moving average price of $132.16 and a 200 day moving average price of $124.77. 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 released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the business posted $1.54 EPS. American Electric Power’s quarterly revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AEP shares. Morgan Stanley reduced their price target on American Electric Power from $137.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. The Goldman Sachs Group raised their price target on American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. BMO Capital Markets reduced their price target on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a report on Wednesday, April 22nd. TD Cowen raised their price target on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday. Finally, LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, March 4th. 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.57.

Insider Activity at American Electric Power

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 stock was 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 directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.05% of the company’s stock.

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.