Capital Research Global Investors Boosts Stake in American Electric Power Company, Inc. $AEP

Capital Research Global Investors increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.6% during the third quarter, HoldingsChannel.com reports. The fund owned 1,472,210 shares of the company’s stock after buying an additional 9,213 shares during the period. Capital Research Global Investors’ holdings in American Electric Power were worth $165,624,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC purchased a new position in American Electric Power during the first quarter worth approximately $320,000. Sivia Capital Partners LLC boosted its stake in American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares during the last quarter. Aviva PLC boosted its stake in American Electric Power by 4.9% during the second quarter. Aviva PLC now owns 9,086 shares of the company’s stock worth $943,000 after buying an additional 424 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in American Electric Power by 1.6% in the 2nd quarter. King Luther Capital Management Corp now owns 6,936 shares of the company’s stock valued at $720,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction 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. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 10,457 shares of company stock worth $1,295,273. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Down 0.8%

Shares of NASDAQ:AEP opened at $131.26 on Thursday. The company has a market capitalization of $71.26 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 3.11 and a beta of 0.61. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60. The business has a 50-day moving average price of $123.45 and a 200 day moving average price of $118.32. 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 announced its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the business earned $1.24 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on AEP. Wells Fargo & Company raised their target price on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $131.00 to $122.00 in a report on Monday, January 12th. The Goldman Sachs Group raised their price objective on shares of American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $133.00 target price on shares of American Electric Power in a research note on Friday, February 20th. Finally, BMO Capital Markets boosted their target price on shares of American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.24.

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.