American Electric Power Company, Inc. $AEP Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 357.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,957,491 shares of the company’s stock after acquiring an additional 1,529,662 shares during the period. Assenagon Asset Management S.A. owned about 0.37% of American Electric Power worth $225,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AEP. Victory Capital Management Inc. boosted its stake in shares of American Electric Power by 105.6% during 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 last quarter. Soroban Capital Partners LP increased its stake in shares of American Electric Power by 176.3% in the second 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 last quarter. AQR Capital Management LLC increased its stake in shares of American Electric Power by 118.2% in the third 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 last quarter. Ameriprise Financial Inc. raised its holdings in American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its stake in American Electric Power by 92.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 2,176,088 shares of the company’s stock valued at $244,828,000 after acquiring an additional 1,044,629 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 20th. BMO Capital Markets increased their price target on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of American Electric Power in a research note on Friday, February 20th. Morgan Stanley upped their price objective on American Electric Power from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Scotiabank increased their target price 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. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.10.

American Electric Power Stock Up 1.8%

Shares of American Electric Power stock opened at $127.92 on Tuesday. The stock has a market capitalization of $69.53 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.95 and a beta of 0.61. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $135.00. 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 business’s 50 day simple moving average is $125.92 and its 200-day simple moving average is $119.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’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. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Insider Transactions at American Electric Power

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

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.