American Electric Power Company, Inc. $AEP Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 553,236 shares of the company’s stock after selling 4,883 shares during the period. Strs Ohio’s holdings in American Electric Power were worth $63,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Victory Capital Management Inc. boosted its stake in American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after purchasing an additional 2,763,328 shares during the period. Soroban Capital Partners LP boosted its stake in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. boosted its stake in American Electric Power by 357.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after purchasing an additional 1,529,662 shares during the period. AQR Capital Management LLC boosted its stake in American Electric Power by 118.2% during 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 during the period. Finally, Ameriprise Financial Inc. boosted its stake in American Electric Power by 26.8% during 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 during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.1%

Shares of NASDAQ:AEP opened at $136.91 on Friday. The company has a 50 day moving average of $132.54 and a 200-day moving average of $123.74. The firm has a market cap of $74.42 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.22 and a beta of 0.56. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $138.49. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.33 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced 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 dividend yield of 2.8%. The ex-dividend date is Friday, May 8th. American Electric Power’s payout ratio is presently 56.72%.

Insider Buying and Selling

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the business’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 value of $542,320.48. Following the sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’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 transaction of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AEP. Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a research note on Friday, February 13th. Raymond James Financial boosted their target price on shares of American Electric Power from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, April 20th. Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $131.00 to $122.00 in a research note on Monday, January 12th. Finally, Morgan Stanley reduced their price target on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.18.

About American Electric Power

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.