American Electric Power Company, Inc. $AEP Shares Purchased by Investment Partners LTD.

Investment Partners LTD. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 21.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,688 shares of the company’s stock after buying an additional 3,896 shares during the quarter. Investment Partners LTD.’s holdings in American Electric Power were worth $2,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AEP. BlackRock Inc. purchased a new position in shares of American Electric Power during the 2nd quarter worth $6,980,601,000. Bank of America Corp DE purchased a new stake in shares of American Electric Power in the 2nd quarter valued at $1,678,638,000. GQG Partners LLC acquired a new position in shares of American Electric Power in the second quarter valued at approximately $1,404,094,000. Legal & General Group Plc purchased a new position in American Electric Power in the 2nd quarter valued at approximately $680,638,000. Finally, Bank of New York Mellon Corp acquired a new position in American Electric Power during the 2nd quarter worth $495,495,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho decreased their price target on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. BTIG Research reissued a “buy” rating and issued a $153.00 target price on shares of American Electric Power in a report on Thursday. Truist Financial cut their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. HSBC initiated coverage on American Electric Power in a report on Thursday, October 22nd. They set a “buy” rating and a $145.90 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

More American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

American Electric Power Trading Up 0.7%

AEP opened at $130.21 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52 week low of $112.54 and a 52 week high of $140.58. The business’s 50 day moving average is $123.35 and its two-hundred day moving average is $127.93. The firm has a market cap of $70.90 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 28th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period last year, the firm posted $1.80 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts predict that American Electric Power Company, Inc. will post 6.41 EPS for the current year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $0.97 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, November 10th. This represents a $3.88 annualized dividend and a yield of 3.0%. American Electric Power’s payout ratio is presently 61.39%.

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.