Greenland Capital Management LP Buys Shares of 95,670 American Electric Power Company, Inc. $AEP

Greenland Capital Management LP purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 95,670 shares of the company’s stock, valued at approximately $10,763,000. American Electric Power comprises about 1.1% of Greenland Capital Management LP’s holdings, making the stock its 13th largest holding.

Several other large investors also recently added to or reduced their stakes in AEP. West Family Investments Inc. bought a new stake in shares of American Electric Power in the second quarter valued at approximately $256,000. Commerzbank Aktiengesellschaft FI grew its stake in American Electric Power by 462.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after buying an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after acquiring an additional 35,938 shares during the period. Invesco Ltd. raised its holdings in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after acquiring an additional 432,441 shares during the period. Finally, CWM LLC lifted its position in shares of American Electric Power by 807.5% during the third quarter. CWM LLC now owns 263,751 shares of the company’s stock worth $29,672,000 after acquiring an additional 234,689 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEP. Williams Trading set a $137.00 price objective on American Electric Power in a research note on Thursday, December 18th. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday. Bank of America cut American Electric Power from a “buy” rating to a “neutral” rating and decreased their price target for the company from $131.00 to $122.00 in a research report on Monday, January 12th. Citigroup raised their price objective on shares of American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Scotiabank upped their target price on shares of American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 16th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $131.28.

American Electric Power Stock Up 2.1%

Shares of NASDAQ AEP opened at $132.03 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average of $119.32 and a 200-day moving average of $116.69. The firm has a market capitalization of $71.41 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 3.04 and a beta of 0.62. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $132.78.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the business posted $1.24 earnings per share. 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 fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a $0.95 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s payout ratio is 56.72%.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’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 sale, the director owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.