American Electric Power Company, Inc. $AEP Stake Lifted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,194 shares of the company’s stock after buying an additional 53,236 shares during the period. Swiss Life Asset Management Ltd’s holdings in American Electric Power were worth $27,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AEP. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the 3rd quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in American Electric Power during the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC grew its position in American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in American Electric Power in the 3rd quarter worth about $29,000. Finally, Osterweis Capital Management Inc. increased its stake in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction dated 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 owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. This represents a 8.86% decrease in their position. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AEP. Scotiabank lifted their price target on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, December 16th. Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $131.00 to $122.00 in a report on Monday, January 12th. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Evercore boosted their price target on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Finally, Mizuho increased their price target on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Thirteen equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.90.

American Electric Power Trading Down 2.0%

American Electric Power stock opened at $130.97 on Thursday. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $135.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The stock has a market capitalization of $71.11 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. The firm has a 50 day simple moving average of $125.26 and a 200-day simple moving average of $119.04.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors 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 yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is presently 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.