Employees Retirement System of Texas Sells 56,753 Shares of American Electric Power Company, Inc. $AEP

Employees Retirement System of Texas decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 52.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,566 shares of the company’s stock after selling 56,753 shares during the quarter. Employees Retirement System of Texas’ holdings in American Electric Power were worth $5,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its position in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after buying an additional 91 shares in the last quarter. Dogwood Wealth Management LLC grew its position in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares in the last quarter. Optima Capital LLC bought a new position in shares of American Electric Power during the 4th quarter worth $26,000. Rakuten Securities Inc. boosted its position in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was 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 in the company, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen raised their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Mizuho raised their price objective on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research report on Friday, February 20th. Citigroup raised their price objective on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.24.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $129.57 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a market cap of $70.50 billion, a PE ratio of 19.03, a P/E/G ratio of 2.61 and a beta of 0.56. The business has a 50-day simple moving average of $131.83 and a two-hundred day simple moving average of $125.24. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

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.