Vanguard Group Inc. Sells 799,472 Shares of American Electric Power Company, Inc. $AEP

Vanguard Group Inc. lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 51,668,307 shares of the company’s stock after selling 799,472 shares during the quarter. Vanguard Group Inc. owned about 0.10% of American Electric Power worth $5,812,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Soroban Capital Partners LP lifted its holdings in shares of American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. Amundi lifted its holdings in American Electric Power by 26.1% during the second quarter. Amundi now owns 3,694,659 shares of the company’s stock valued at $381,510,000 after purchasing an additional 765,258 shares in the last quarter. State Street Corp grew its position in shares of American Electric Power by 2.3% during the second quarter. State Street Corp now owns 28,516,466 shares of the company’s stock worth $2,958,869,000 after purchasing an additional 653,712 shares in the last quarter. Invesco Ltd. lifted its stake in American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of American Electric Power by 22.5% during the 3rd quarter. Bessemer Group Inc. now owns 2,159,456 shares of the company’s stock worth $242,938,000 after acquiring an additional 396,436 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AEP shares. BMO Capital Markets increased their price target on American Electric Power from $123.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research note on Friday. Wolfe Research raised 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. Finally, Scotiabank raised their target price on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.28.

American Electric Power Stock Up 2.8%

Shares of AEP opened at $129.94 on Tuesday. The stock has a market capitalization of $70.28 billion, a PE ratio of 19.39, a P/E/G ratio of 3.10 and a beta of 0.62. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $130.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The company’s 50-day simple moving average is $117.86 and its 200-day simple moving average is $116.14.

American Electric Power (NASDAQ:AEP) last released its quarterly 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 firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. American Electric Power’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is 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.