Russell Investments Group Ltd. Raises Stock Holdings in American Electric Power Company, Inc. $AEP

Russell Investments Group Ltd. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,230,129 shares of the company’s stock after purchasing an additional 35,692 shares during the quarter. Russell Investments Group Ltd.’s holdings in American Electric Power were worth $138,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AEP. Harbor Capital Advisors Inc. bought a new stake in shares of American Electric Power in the third quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in American Electric Power in the third quarter valued at $26,000. Dogwood Wealth Management LLC boosted its stake in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the last quarter. Montag A & Associates Inc. boosted its stake in American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after acquiring an additional 176 shares during the last quarter. Finally, Osterweis Capital Management Inc. grew its holdings in American Electric Power by 3,000.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the sale, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the transaction, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,457 shares of company stock worth $1,295,273 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Wells Fargo & Company upped their price objective on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Siebert Williams Shank assumed coverage on American Electric Power in a report on Thursday, December 18th. They set a “buy” rating and a $137.00 target price on the stock. Finally, Mizuho lifted their target price on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.24.

American Electric Power Stock Down 0.0%

Shares of American Electric Power stock opened at $131.86 on Tuesday. The business’s fifty day moving average price is $122.80 and its two-hundred day moving average price is $118.10. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The company has a market capitalization of $71.59 billion, a P/E ratio of 19.68, a PEG ratio of 3.10 and a beta of 0.61. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $134.60.

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

American Electric Power Dividend Announcement

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

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.