Themes Management Co LLC Buys Shares of 6,432 American Electric Power Company, Inc. $AEP

Themes Management Co LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,432 shares of the company’s stock, valued at approximately $742,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in American Electric Power by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after acquiring an additional 828,588 shares during the period. State Street Corp grew its stake in American Electric Power by 1.4% in the third quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after acquiring an additional 406,445 shares during the period. Ameriprise Financial Inc. grew its stake in American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares during the period. Victory Capital Management Inc. grew its stake in American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after acquiring an additional 2,763,328 shares during the period. Finally, Alliancebernstein L.P. grew its stake in American Electric Power by 8.0% in the third quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock valued at $587,683,000 after acquiring an additional 388,540 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was 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 of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $131.59 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market capitalization of $71.60 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.62 and a beta of 0.56. The business has a 50-day moving average of $131.98 and a 200-day moving average of $125.09. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio is 55.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AEP shares. Barclays upped their price objective on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. TD Cowen upped their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research report on Friday, February 13th. Morgan Stanley reduced their price objective on American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

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.