Constitution Capital LLC Has $1.61 Million Position in American Electric Power Company, Inc. $AEP

Constitution Capital LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,975 shares of the company’s stock after buying an additional 4,620 shares during the quarter. American Electric Power makes up approximately 0.8% of Constitution Capital LLC’s investment portfolio, making the stock its 27th largest position. Constitution Capital LLC’s holdings in American Electric Power were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in American Electric Power by 1.4% in the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after acquiring an additional 406,445 shares during the period. Invesco Ltd. lifted its holdings in shares of American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the period. Ameriprise Financial Inc. grew its stake in shares of American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after purchasing an additional 1,285,279 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in American Electric Power by 8.0% in the third quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock valued at $587,683,000 after purchasing an additional 388,540 shares during the period. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AEP shares. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Evercore increased their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. BMO Capital Markets raised their price objective on 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. Morgan Stanley lifted their price objective on American Electric Power from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Mizuho upped their target price on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the business’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 value of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. 0.07% of the stock is currently owned by insiders.

American Electric Power Stock Performance

Shares of AEP opened at $127.92 on Tuesday. 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 firm’s fifty day simple moving average is $125.92 and its two-hundred day simple moving average is $119.48. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $135.00. The stock has a market capitalization of $69.53 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 2.95 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

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

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.