World Investment Advisors raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,841 shares of the company’s stock after purchasing an additional 4,533 shares during the quarter. World Investment Advisors’ holdings in American Electric Power were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Czech National Bank raised its stake in shares of American Electric Power by 3.9% in the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock valued at $16,275,000 after acquiring an additional 5,314 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of American Electric Power by 2.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after acquiring an additional 8,302 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of American Electric Power by 462.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after acquiring an additional 43,533 shares during the last quarter. GF Fund Management CO. LTD. raised its stake in shares of American Electric Power by 7.4% in the fourth quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock valued at $13,171,000 after acquiring an additional 7,833 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its stake in shares of American Electric Power by 983.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after acquiring an additional 57,977 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AEP has been the subject of several research analyst reports. Barclays boosted their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Truist Financial initiated coverage on shares of American Electric Power in a research report on Tuesday, April 21st. They issued a “buy” rating and a $148.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.57.
American Electric Power Price Performance
AEP opened at $125.15 on Friday. The company has a fifty day moving average price of $132.24 and a two-hundred day moving average price of $124.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The firm has a market capitalization of $68.09 billion, a PE ratio of 18.38, a P/E/G ratio of 2.57 and a beta of 0.56.
American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.
American Electric Power Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is 55.80%.
Insider Buying and Selling at American Electric Power
In related news, 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 value of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than American Electric Power
- MarketBeat Week in Review – 05/11 – 05/15
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.
