Martingale Asset Management L P Cuts Stock Position in American Electric Power Company, Inc. $AEP

Martingale Asset Management L P trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,525 shares of the company’s stock after selling 14,429 shares during the period. Martingale Asset Management L P’s holdings in American Electric Power were worth $19,072,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in American Electric Power in the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new stake in American Electric Power in the third quarter valued at about $26,000. Dogwood Wealth Management LLC raised its stake in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the period. Finally, Osterweis Capital Management Inc. increased its holdings in American Electric Power by 3,000.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.7%

Shares of NASDAQ AEP opened at $132.22 on Friday. The company has a 50-day moving average of $123.79 and a two-hundred day moving average of $118.42. The company has a market cap of $71.79 billion, a PE ratio of 19.73, a P/E/G ratio of 3.09 and a beta of 0.61. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $134.60.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio is presently 56.72%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Argus boosted their price objective on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wolfe Research upgraded 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. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Wednesday, March 4th. BMO Capital Markets lifted their price objective on American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $125.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power presently 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.