Xponance Inc. Decreases Holdings in American Electric Power Company, Inc. $AEP

Xponance Inc. lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,733 shares of the company’s stock after selling 8,310 shares during the quarter. Xponance Inc.’s holdings in American Electric Power were worth $8,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of AEP. West Family Investments Inc. purchased a new stake in American Electric Power during the 2nd quarter valued at about $256,000. Commerzbank Aktiengesellschaft FI lifted its position in American Electric Power by 462.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after purchasing an additional 43,533 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of American Electric Power by 228.6% during the third quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after purchasing an additional 35,938 shares during the period. CWM LLC grew its holdings in shares of American Electric Power by 807.5% in the third quarter. CWM LLC now owns 263,751 shares of the company’s stock worth $29,672,000 after purchasing an additional 234,689 shares during the last quarter. Finally, Community Financial Services Group LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $4,379,000. 75.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction 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 sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AEP. TD Cowen increased their price target on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 20th. UBS Group raised shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their price objective for the company from $115.00 to $132.00 in a research note on Friday. Wells Fargo & Company increased their target price on shares of American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Mizuho boosted their price target on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, BMO Capital Markets increased their price objective on American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.53.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $133.82 on Friday. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $134.60. The stock has a market capitalization of $72.38 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.14 and a beta of 0.62. The company’s 50-day moving average is $120.75 and its 200 day moving average is $117.23. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

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

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio is presently 56.72%.

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.