American Electric Power Company, Inc. $AEP Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 612,026 shares of the company’s stock after acquiring an additional 15,709 shares during the period. ProShare Advisors LLC owned 0.11% of American Electric Power worth $72,611,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of American Electric Power in the second quarter valued at approximately $6,980,601,000. Bank of America Corp DE acquired a new stake in American Electric Power during the 2nd quarter worth approximately $1,678,638,000. GQG Partners LLC acquired a new stake in American Electric Power during the 2nd quarter worth approximately $1,404,094,000. Legal & General Group Plc bought a new stake in American Electric Power in the 2nd quarter valued at $680,638,000. Finally, Bank of New York Mellon Corp bought a new stake in American Electric Power in the 2nd quarter valued at $495,495,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $130.21 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.46. The company has a market cap of $70.90 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. The company has a 50 day moving average of $123.35 and a 200-day moving average of $127.93. American Electric Power Company, Inc. has a 1-year low of $112.54 and a 1-year high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 6.41 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.95. American Electric Power’s dividend payout ratio is 61.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets decreased their price objective on American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Mizuho dropped their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Barclays reduced their target price on shares of American Electric Power from $129.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. BTIG Research restated a “buy” rating and issued a $153.00 price target on shares of American Electric Power in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $139.00.

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

American Electric Power News Summary

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 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.