CIBC Bancorp USA Inc. Buys New Position in American Electric Power Company, Inc. $AEP

CIBC Bancorp USA Inc. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 93,343 shares of the company’s stock, valued at approximately $10,501,000.

Several other institutional investors also recently added to or reduced their stakes in AEP. Victory Capital Management Inc. grew its position in shares of American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after acquiring an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP boosted its stake in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares during the period. AQR Capital Management LLC grew its position in American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 purchasing an additional 1,285,279 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its stake in American Electric Power by 92.3% in the third quarter. ANTIPODES PARTNERS Ltd now owns 2,176,088 shares of the company’s stock valued at $244,828,000 after purchasing an additional 1,044,629 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insiders Place Their Bets

In other 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Bank of America downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $131.00 to $122.00 in a research note on Monday, January 12th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Friday, February 13th. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. Thirteen investment 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 presently has an average rating of “Moderate Buy” and an average target price of $135.90.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $125.66 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $135.00. The company has a market capitalization of $68.30 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 3.03 and a beta of 0.61. The business has a 50-day moving average of $125.69 and a 200-day moving average of $119.21.

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

American Electric Power Announces Dividend

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