Alliancebernstein L.P. Grows Position in American Electric Power Company, Inc. $AEP

Alliancebernstein L.P. increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,223,848 shares of the company’s stock after acquiring an additional 388,540 shares during the quarter. Alliancebernstein L.P. owned about 0.98% of American Electric Power worth $587,683,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of American Electric Power during the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC increased its holdings in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power in the third quarter worth about $26,000. Imprint Wealth LLC purchased a new stake in shares of American Electric Power in the third quarter worth about $35,000. Finally, Osterweis Capital Management Inc. boosted its stake in American Electric Power by 3,000.0% during the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 of the company’s stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction that occurred 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 sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AEP has been the subject of several research analyst reports. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target for the company in a report on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on American Electric Power from $125.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the company from $131.00 to $122.00 in a research report on Monday, January 12th. Evercore raised their target price on shares of American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.90.

American Electric Power Stock Up 1.1%

NASDAQ:AEP opened at $133.61 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $134.60. The company has a market cap of $72.54 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. The stock has a fifty day simple moving average of $124.14 and a 200-day simple moving average of $118.60. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

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

American Electric Power Dividend Announcement

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

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.