405,625 Shares of American Electric Power Company, Inc. $AEP Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 405,625 shares of the company’s stock, valued at approximately $48,123,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in American Electric Power during the 2nd quarter valued at about $6,980,601,000. Wellington Management Group LLP raised its holdings in American Electric Power by 5.4% in the second quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after buying an additional 715,613 shares during the last quarter. Bank of America Corp DE bought a new position in shares of American Electric Power in the second quarter worth approximately $1,678,638,000. GQG Partners LLC bought a new position in shares of American Electric Power in the second quarter worth approximately $1,404,094,000. Finally, Legal & General Group Plc bought a new position in shares of American Electric Power in the second quarter worth approximately $680,638,000. Institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

More American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

American Electric Power Stock Performance

American Electric Power stock opened at $130.21 on Monday. The business has a 50-day simple moving average of $123.35 and a two-hundred day simple moving average of $127.93. The company has a market cap of $70.90 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.68 and a beta of 0.46. American Electric Power Company, Inc. has a 52-week low of $112.54 and a 52-week high of $140.58. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.04 by $0.19. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The firm had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts predict that American Electric Power Company, Inc. will post 6.41 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. American Electric Power’s dividend payout ratio is currently 61.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AEP shares. BMO Capital Markets reduced their price target on shares of American Electric Power from $139.00 to $135.00 and set a “market perform” rating for the company in a research report on Monday, October 19th. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $153.00 price objective on shares of American Electric Power in a research report on Thursday. KeyCorp upgraded American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 target price on the stock in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. cut their target price on American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.