8,410 Shares in American Electric Power Company, Inc. $AEP Bought by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,410 shares of the company’s stock, valued at approximately $998,000.

Several other institutional investors have also bought and sold shares of the stock. Cornerstone Advisory LLC raised its position in American Electric Power by 1.3% in the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after buying an additional 75 shares during the last quarter. Community Trust & Investment Co. boosted its holdings in American Electric Power by 1.7% during the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock worth $647,000 after acquiring an additional 77 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its stake in shares of American Electric Power by 1.3% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 6,263 shares of the company’s stock worth $743,000 after acquiring an additional 80 shares in the last quarter. Hilton Head Capital Partners LLC grew its stake in shares of American Electric Power by 3.9% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 2,121 shares of the company’s stock worth $252,000 after acquiring an additional 80 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of American Electric Power by 2.9% in the 1st quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock worth $381,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the firm’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 owned 15,856 shares in the company, valued at $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $130.21 on Monday. The company’s 50-day moving average is $123.35 and its 200 day moving average is $127.93. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.40 and a current ratio of 0.51. The company has a market capitalization of $70.90 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. American Electric Power Company, Inc. has a fifty-two week low of $112.54 and a fifty-two week high of $140.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $2.23 earnings per share 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 company 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 business earned $1.80 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 6.41 earnings per share for the current year.

American Electric Power Increases Dividend

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

Trending Headlines about American Electric Power

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on AEP. Jefferies Financial Group lowered their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Wells Fargo & Company boosted their price target on shares of American Electric Power from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group set a $135.00 price objective on shares of American Electric Power in a research report on Monday, October 19th. Truist Financial dropped their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Sixteen equities 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.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $139.00.

American Electric Power Company 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.