Bank of Montreal Can Sells 26,058 Shares of American Electric Power Company, Inc. $AEP

Bank of Montreal Can decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,033,582 shares of the company’s stock after selling 26,058 shares during the period. Bank of Montreal Can owned 0.38% of American Electric Power worth $228,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AEP. Legal & General Group Plc lifted its stake in shares of American Electric Power by 4.4% during the 3rd quarter. Legal & General Group Plc now owns 5,129,468 shares of the company’s stock valued at $577,065,000 after buying an additional 217,080 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of American Electric Power by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 1,230,129 shares of the company’s stock worth $138,379,000 after acquiring an additional 35,692 shares in the last quarter. Inceptionr LLC bought a new position in shares of American Electric Power in the third quarter worth $777,000. Private Advisor Group LLC boosted its holdings in shares of American Electric Power by 2.9% in the third quarter. Private Advisor Group LLC now owns 60,536 shares of the company’s stock worth $6,810,000 after acquiring an additional 1,722 shares during the period. Finally, Certified Advisory Corp grew its position in shares of American Electric Power by 15.0% in the third quarter. Certified Advisory Corp now owns 11,530 shares of the company’s stock valued at $1,297,000 after purchasing an additional 1,501 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEP. Barclays increased their price objective on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Wednesday, March 4th. Wells Fargo & Company raised their price objective on shares of American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Mizuho boosted their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.24.

American Electric Power Stock Performance

Shares of AEP opened at $132.31 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60. 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 company has a market cap of $71.84 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. The stock has a 50-day moving average price of $123.13 and a 200-day moving average price of $118.23.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share 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 business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the firm posted $1.24 earnings per share. American Electric Power’s quarterly revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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 dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is currently 56.72%.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 10,457 shares of company stock worth $1,295,273. Corporate insiders own 0.07% of the company’s stock.

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.