Ameriprise Financial Inc. Has $684.77 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Ameriprise Financial Inc. raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 26.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,084,813 shares of the company’s stock after purchasing an additional 1,285,279 shares during the period. Ameriprise Financial Inc. owned approximately 1.14% of American Electric Power worth $684,772,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of American Electric Power by 105.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after buying an additional 2,763,328 shares during the period. Soroban Capital Partners LP raised its stake in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the period. AQR Capital Management LLC raised its stake in American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after buying an additional 1,400,547 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in American Electric Power by 92.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 2,176,088 shares of the company’s stock worth $244,828,000 after acquiring an additional 1,044,629 shares in the last quarter. Finally, Amundi lifted its holdings in American Electric Power by 26.1% during the second quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after acquiring an additional 765,258 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.1%

NASDAQ:AEP opened at $133.61 on Monday. The stock has a 50-day simple moving average of $124.14 and a 200 day simple moving average of $118.64. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $134.60. The company has a market cap of $72.54 billion, a PE ratio of 19.94, a PEG ratio of 3.14 and a beta of 0.61. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The business’s quarterly revenue 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, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were issued a $0.95 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank increased their price target on American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Bank of America cut American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $131.00 to $122.00 in a research note on Monday, January 12th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a report on Friday, February 13th. Finally, TD Cowen lifted their price target on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.90.

Insider Transactions at American Electric Power

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president owned 42,263 shares in the company, valued at $5,582,097.04. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the 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 sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 0.07% of the stock is currently owned by insiders.

About American Electric Power

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.