Mitsubishi UFJ Asset Management Co. Ltd. Buys 53,941 Shares of American Electric Power Company, Inc. $AEP

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,114,080 shares of the company’s stock after purchasing an additional 53,941 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in American Electric Power were worth $125,334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AEP. West Family Investments Inc. bought a new position in American Electric Power during the second quarter valued at $256,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of American Electric Power by 462.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after buying an additional 43,533 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after buying an additional 35,938 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after acquiring an additional 432,441 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of American Electric Power by 807.5% in the 3rd quarter. CWM LLC now owns 263,751 shares of the company’s stock valued at $29,672,000 after acquiring an additional 234,689 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AEP has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. TD Cowen increased their price target on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target for the company in a research report on Friday, February 13th. Evercore reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $131.28.

American Electric Power Trading Down 0.3%

NASDAQ AEP opened at $132.10 on Friday. The company’s 50-day moving average price is $120.36 and its 200-day moving average price is $117.04. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock has a market cap of $71.45 billion, a PE ratio of 19.72, a PEG ratio of 3.11 and a beta of 0.62. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $133.06.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data 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. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be issued a $0.95 dividend. The ex-dividend date is 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%.

American Electric Power Company 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.