Arizona State Retirement System Has $17.38 Million Position in American Electric Power Company, Inc. $AEP

Arizona State Retirement System reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,758 shares of the company’s stock after selling 5,246 shares during the quarter. Arizona State Retirement System’s holdings in American Electric Power were worth $17,384,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power during the third quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power during the third quarter worth approximately $26,000. Dogwood Wealth Management LLC raised its position in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares in the last quarter. Optima Capital LLC bought a new position in American Electric Power during the fourth quarter valued at approximately $26,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Electric Power during the third quarter valued at approximately $29,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on shares of American Electric Power from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research report on Friday, February 20th. Evercore raised their price objective on shares of American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Finally, Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the company from $131.00 to $122.00 in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.18.

American Electric Power Trading Down 0.3%

NASDAQ:AEP opened at $134.73 on Friday. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $137.74. The firm has a market cap of $73.23 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 3.17 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $132.02 and its 200-day moving average is $123.24.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating 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 company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The company’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. Equities analysts anticipate that American Electric Power Company, Inc. will post 6.34 EPS for the current year.

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.