Legal & General Group Plc Increases Position in American Electric Power Company, Inc. $AEP

Legal & General Group Plc raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.4% during the third quarter, HoldingsChannel.com reports. The firm owned 5,129,468 shares of the company’s stock after buying an additional 217,080 shares during the period. Legal & General Group Plc’s holdings in American Electric Power were worth $577,065,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC lifted its stake in American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of American Electric Power during the first quarter worth about $320,000. Sivia Capital Partners LLC grew its position in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after acquiring an additional 2,931 shares during the last quarter. Aviva PLC increased its holdings in shares of American Electric Power by 4.9% in the 2nd quarter. Aviva PLC now owns 9,086 shares of the company’s stock worth $943,000 after acquiring an additional 424 shares during the period. Finally, King Luther Capital Management Corp lifted its position in American Electric Power by 1.6% in the 2nd quarter. King Luther Capital Management Corp now owns 6,936 shares of the company’s stock valued at $720,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AEP shares. Argus raised their price target on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. UBS Group boosted their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday. TD Cowen increased their price objective on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Mizuho raised their target price on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Siebert Williams Shank started coverage on American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.24.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The stock was 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 trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,457 shares of company stock valued at $1,295,273. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Stock Up 0.3%

Shares of NASDAQ:AEP opened at $132.31 on Wednesday. The firm has a 50 day simple moving average of $123.13 and a 200 day simple moving average of $118.23. The company has a market cap of $71.84 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. American Electric Power Company, Inc. has a 52 week low of $97.46 and a 52 week high of $134.60. 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 (NASDAQ:AEP) last announced its quarterly 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 return on equity of 10.46% and a net margin of 16.37%.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 company earned $1.24 EPS. The firm’s revenue 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. As a group, research 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 announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s payout ratio is 56.72%.

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.