American Electric Power Company, Inc. $AEP Stock Holdings Lessened by Dodge & Cox

Dodge & Cox cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,523,516 shares of the company’s stock after selling 48,887 shares during the period. Dodge & Cox owned about 1.78% of American Electric Power worth $1,071,396,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. West Family Investments Inc. bought a new position in American Electric Power during the second quarter valued at approximately $256,000. Commerzbank Aktiengesellschaft FI grew its position in American Electric Power by 462.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after acquiring an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock worth $5,812,000 after purchasing an additional 35,938 shares during the last quarter. Invesco Ltd. increased its stake in shares of American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of American Electric Power by 807.5% during the 3rd quarter. CWM LLC now owns 263,751 shares of the company’s stock valued at $29,672,000 after purchasing an additional 234,689 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 Phillip R. Ulrich sold 4,106 shares of the firm’s 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 directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction dated 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 $2,025,798.60. This trade represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AEP shares. Barclays upped their price objective on shares of American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Evercore upped their price target on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Finally, UBS Group raised their price objective on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $135.90.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $133.61 on Friday. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $134.60. The business’s 50 day moving average is $124.14 and its two-hundred day moving average is $118.56. The company has a market cap of $72.54 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.11 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the firm earned $1.24 EPS. The business’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. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s dividend payout ratio is 56.72%.

About American Electric Power

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.