American Electric Power Company, Inc. $AEP Shares Sold by Andra AP fonden

Andra AP fonden decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,826 shares of the company’s stock after selling 70,800 shares during the quarter. Andra AP fonden’s holdings in American Electric Power were worth $6,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of American Electric Power during the 1st quarter worth $320,000. Sivia Capital Partners LLC lifted its position in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of American Electric Power during the second quarter worth $240,000. Finally, Daymark Wealth Partners LLC increased its holdings in American Electric Power by 57.6% in the second quarter. Daymark Wealth Partners LLC now owns 3,554 shares of the company’s stock valued at $369,000 after buying an additional 1,299 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $133.82 on Friday. The stock has a market cap of $72.38 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.14 and a beta of 0.62. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $134.60. The stock has a 50 day moving average of $120.75 and a two-hundred day moving average of $117.23. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio is presently 56.72%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Mizuho boosted their target price on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and issued a $133.00 price target on shares of American Electric Power in a research note on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Finally, Barclays upped their target price on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $132.53.

Insider Activity

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

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.