Bollard Group LLC Grows Position in American Electric Power Company, Inc. $AEP

Bollard Group LLC increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,129 shares of the company’s stock after purchasing an additional 30,388 shares during the period. American Electric Power accounts for 1.5% of Bollard Group LLC’s portfolio, making the stock its 11th biggest position. Bollard Group LLC owned approximately 0.10% of American Electric Power worth $63,014,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Brevan Howard Capital Management LP increased its stake in shares of American Electric Power by 502.3% in the 3rd quarter. Brevan Howard Capital Management LP now owns 34,758 shares of the company’s stock worth $3,910,000 after acquiring an additional 28,987 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its position in American Electric Power by 12.9% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 1,179,427 shares of the company’s stock valued at $132,686,000 after buying an additional 134,732 shares in the last quarter. Community Bank N.A. increased its position in American Electric Power by 1.3% during the 3rd quarter. Community Bank N.A. now owns 39,918 shares of the company’s stock valued at $4,491,000 after buying an additional 513 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in American Electric Power by 131.3% during the third quarter. Ausdal Financial Partners Inc. now owns 7,607 shares of the company’s stock valued at $856,000 after buying an additional 4,318 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in American Electric Power by 20.7% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,229 shares of the company’s stock worth $1,712,000 after acquiring an additional 2,616 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on American Electric Power from $125.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Cowen upped their price target on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Barclays increased their price objective on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of American Electric Power in a report on Friday, February 20th. Finally, Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research note on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.90.

Insider Activity at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the business’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 completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the 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 transaction, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is owned by insiders.

American Electric Power Trading Up 1.1%

Shares of NASDAQ:AEP opened at $133.61 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 $134.60. The company has a market cap of $72.54 billion, a P/E ratio of 19.94, a PEG ratio of 3.14 and a beta of 0.61. The stock’s fifty day moving average price is $124.14 and its 200-day moving average price is $118.60.

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

American Electric Power Announces Dividend

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