Wellington Management Group LLP Sells 1,073,672 Shares of American Electric Power Company, Inc. $AEP

Wellington Management Group LLP lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,597,887 shares of the company’s stock after selling 1,073,672 shares during the quarter. Wellington Management Group LLP owned about 3.11% of American Electric Power worth $1,867,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AEP. PFG Investments LLC lifted its position in American Electric Power by 0.3% during the third quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after acquiring an additional 83 shares during the last quarter. Strategic Advisors LLC boosted its holdings in shares of American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock worth $2,993,000 after acquiring an additional 87 shares during the period. SBI Securities Co. Ltd. grew its position in shares of American Electric Power by 16.2% in the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after purchasing an additional 88 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of American Electric Power by 12.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after purchasing an additional 89 shares during the period. Finally, LFA Lugano Financial Advisors SA increased its stake in shares of American Electric Power by 6.8% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock worth $159,000 after purchasing an additional 90 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $133.61 on Friday. The stock’s fifty day moving average price is $124.14 and its two-hundred day moving average price is $118.56. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $134.60. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The firm has a market cap of $72.54 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 3.11 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.46% and a net margin of 16.37%.The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s dividend payout ratio is currently 56.72%.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the sale, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were 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 in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AEP shares. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Wednesday, March 4th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on American Electric Power from $125.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $133.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Finally, Wells Fargo & Company upped their price target on shares of American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.90.

American Electric Power Company 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.