iA Global Asset Management Inc. Boosts Position in American Electric Power Company, Inc. $AEP

iA Global Asset Management Inc. boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 77.5% during the fourth quarter, Holdings Channel reports. The firm owned 155,982 shares of the company’s stock after buying an additional 68,126 shares during the quarter. iA Global Asset Management Inc.’s holdings in American Electric Power were worth $17,986,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AEP. PFG Investments LLC raised its position in shares of American Electric Power by 0.3% during the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after acquiring an additional 83 shares during the last quarter. Vectors Research Management LLC raised its position in shares of American Electric Power by 0.4% during the 4th quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after acquiring an additional 86 shares during the last quarter. Strategic Advisors LLC raised its position in shares of American Electric Power by 0.3% during the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after acquiring an additional 87 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of American Electric Power by 16.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after acquiring an additional 88 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA raised its position in shares of American Electric Power by 6.8% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock valued at $159,000 after acquiring an additional 90 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent analyst reports. Mizuho upped their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen upped their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research report on Friday, February 13th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, The Goldman Sachs Group upped their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $141.57.

American Electric Power Price Performance

AEP opened at $125.15 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44. The company has a fifty day simple moving average of $132.24 and a 200 day simple moving average of $124.62. The stock has a market cap of $68.09 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.50 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s dividend payout ratio is presently 55.80%.

Insiders Place Their Bets

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is currently owned by corporate insiders.

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.