VIRGINIA RETIREMENT SYSTEMS ET Al Raises Position in American Electric Power Company, Inc. $AEP

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 280.5% during the 4th quarter, Holdings Channel reports. The fund owned 253,800 shares of the company’s stock after buying an additional 187,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in American Electric Power were worth $29,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power in the third quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its stake in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the period. Optima Capital LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $26,000. Finally, Rakuten Securities Inc. lifted its stake in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP opened at $127.95 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The stock has a market cap of $69.62 billion, a P/E ratio of 18.79, a PEG ratio of 3.09 and a beta of 0.56. The company has a 50-day moving average of $132.48 and a two-hundred day moving average of $124.53. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $139.44.

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

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s payout ratio is presently 55.80%.

Analyst Ratings Changes

Several analysts recently commented on AEP shares. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, April 20th. Truist Financial started coverage on shares of American Electric Power in a research note on Tuesday, April 21st. They issued a “buy” rating and a $148.00 price objective for the company. TD Cowen raised their price objective on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Morgan Stanley reduced their price objective on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, UBS Group raised their price objective on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.29.

Insider Transactions 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 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 owned 42,263 shares in the company, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.05% 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.