Retireful LLC Makes New Investment in American Electric Power Company, Inc. $AEP

Retireful LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,658 shares of the company’s stock, valued at approximately $656,000.

A number of other institutional investors have also made changes to their positions in AEP. State Street Corp lifted its stake in American Electric Power by 1.4% during the third quarter. State Street Corp now owns 28,922,911 shares of the company’s stock worth $3,253,827,000 after purchasing an additional 406,445 shares during the last quarter. Invesco Ltd. increased its stake in American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of American Electric Power by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after purchasing an additional 1,285,279 shares during the period. Victory Capital Management Inc. raised its holdings in shares of American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of American Electric Power by 8.0% in the 3rd quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock worth $587,683,000 after buying an additional 388,540 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $125.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Wells Fargo & Company lifted their target price on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Morgan Stanley upped their target price on American Electric Power from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Finally, The Goldman Sachs Group increased their price target on American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.10.

American Electric Power Stock Up 0.5%

American Electric Power stock opened at $131.67 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $135.00. The company has a 50-day simple moving average of $127.47 and a 200-day simple moving average of $120.45. The firm has a market capitalization of $71.57 billion, a P/E ratio of 19.65, a P/E/G ratio of 3.08 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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 the consensus estimate of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. American Electric Power’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. 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 year.

American Electric Power Dividend Announcement

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

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction 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 sale, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.07% of the company’s stock.

American Electric Power 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.