Ferguson Wellman Capital Management Inc. Decreases Stake in American Electric Power Company, Inc. $AEP

Ferguson Wellman Capital Management Inc. decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 22.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,054 shares of the company’s stock after selling 203,738 shares during the quarter. American Electric Power makes up approximately 1.0% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 25th biggest position. Ferguson Wellman Capital Management Inc.’s holdings in American Electric Power were worth $83,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AEP. BlackRock Inc. acquired a new stake in American Electric Power during the 2nd quarter worth approximately $6,980,601,000. Wellington Management Group LLP raised its stake in shares of American Electric Power by 5.4% during the second quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock valued at $1,897,829,000 after acquiring an additional 715,613 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of American Electric Power during the second quarter worth $1,678,638,000. GQG Partners LLC acquired a new position in shares of American Electric Power during the second quarter worth $1,404,094,000. Finally, Barclays PLC grew its stake in shares of American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after purchasing an additional 57,807 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 0.5%

American Electric Power stock traded up $0.58 during midday trading on Monday, reaching $120.15. The stock had a trading volume of 689,513 shares, compared to its average volume of 4,001,053. The company has a fifty day moving average price of $123.64 and a two-hundred day moving average price of $129.01. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $65.41 billion, a P/E ratio of 20.62, a PEG ratio of 2.53 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 6.38 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Analysts Set New Price Targets

Several brokerages have commented on AEP. Barclays cut their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. LADENBURG THALM/SH SH lowered their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Citigroup cut their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Truist Financial reduced their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.62.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.