American Electric Power Company, Inc. $AEP Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,668,307 shares of the company’s stock after selling 799,472 shares during the quarter. Vanguard Group Inc. owned 9.65% of American Electric Power worth $5,812,685,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Soroban Capital Partners LP raised its position in shares of 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 purchasing an additional 2,555,415 shares during the period. Amundi increased its stake in shares of American Electric Power by 26.1% during the 2nd quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after purchasing an additional 765,258 shares during the last quarter. State Street Corp grew its holdings in American Electric Power by 2.3% during the second quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after purchasing an additional 653,712 shares during the last quarter. Invesco Ltd. grew its position in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in American Electric Power by 22.5% during the third quarter. Bessemer Group Inc. now owns 2,159,456 shares of the company’s stock worth $242,938,000 after buying an additional 396,436 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of AEP opened at $129.94 on Tuesday. American Electric Power Company, Inc. has a 52 week low of $97.46 and a 52 week high of $130.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market capitalization of $70.28 billion, a P/E ratio of 19.39, a P/E/G ratio of 3.10 and a beta of 0.62. The stock has a 50 day moving average price of $117.86 and a two-hundred day moving average price of $116.14.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s payout ratio is presently 56.72%.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on AEP. Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective on the stock in a research note on Friday. Jefferies Financial Group raised shares of American Electric Power from a “hold” rating to a “buy” rating and boosted their price target for the company from $128.00 to $137.00 in a report on Monday, November 17th. Mizuho lifted their price target on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday. Scotiabank upped their price objective on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 16th. Finally, Citigroup lifted their price target on shares of American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $129.28.

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.