American Electric Power Company, Inc. $AEP Stock Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,266 shares of the company’s stock after acquiring an additional 16,183 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in American Electric Power were worth $20,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $6,980,601,000. Bank of America Corp DE purchased a new stake in American Electric Power in the 2nd quarter valued at approximately $1,678,638,000. GQG Partners LLC acquired a new stake in American Electric Power during the 2nd quarter valued at $1,404,094,000. Legal & General Group Plc acquired a new stake in American Electric Power during the 2nd quarter valued at $680,638,000. Finally, Bank of New York Mellon Corp acquired a new stake in American Electric Power during the 2nd quarter valued at $495,495,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $127.84 on Wednesday. The company has a market cap of $69.61 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.63 and a beta of 0.46. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52 week low of $112.54 and a 52 week high of $140.58. The business has a fifty day simple moving average of $124.19 and a 200-day simple moving average of $128.28.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.19. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.44 EPS for the current year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. American Electric Power’s dividend payout ratio is currently 61.39%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AEP. TD Cowen restated a “buy” rating on shares of American Electric Power in a research report on Wednesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Citigroup reduced their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Scotiabank lowered their price target on shares of American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. Sixteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.83.

Insider Activity at American Electric Power

In other 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 transaction, the chief accounting officer directly owned 15,856 shares in the company, valued at $1,982,000. This represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Trending Headlines about American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reportedly lifted its outlook alongside plans to expand its grid, which could support future growth as the utility invests to serve rising power needs. American Electric Power stock lifts outlook on grid expansion
• Positive Sentiment: The EIA expects U.S. power demand to reach record highs in 2026 and 2027, with AI use among the drivers. Higher electricity needs could benefit AEP if it can meet demand and earn returns on related infrastructure investments. US power demand to beat record highs in 2026 and 2027 as AI use surges, EIA says
• Positive Sentiment: AEP paid approximately $528 million in dividends, highlighting its income return to shareholders. American Electric Power Pays Out $528 Million in Dividends Today
• Neutral Sentiment: AEP and Amazon are studying the possibility of nuclear reactors in Sullivan County. The report describes an investigation, not a committed project, so any demand or growth benefit remains uncertain. Sullivan County nuclear study brings questions about jobs, safety and power demand
• Neutral Sentiment: A report described a significant increase in short interest but listed short interest as zero shares and days to cover as zero. Those figures conflict, so the item offers no clear short-selling signal.
• Negative Sentiment: Coverage also highlights execution risks around AEP’s growth plan. Delays, cost pressures or difficulty delivering expected returns on grid investments could weigh on investor confidence. American Electric Power stock weighs growth plan against execution risks

American Electric Power Profile

American Electric Power Company, Inc. (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers. AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.