Mn Services Vermogensbeheer B.V. Has $23.91 Million Stake in American Electric Power Company, Inc. $AEP

Mn Services Vermogensbeheer B.V. lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 207,325 shares of the company’s stock after acquiring an additional 5,325 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in American Electric Power were worth $23,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in American Electric Power by 1.4% during the third quarter. State Street Corp now owns 28,922,911 shares of the company’s stock worth $3,253,827,000 after purchasing an additional 406,445 shares during the period. Invesco Ltd. raised its position in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after buying an additional 1,285,279 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of American Electric Power by 8.0% during the 3rd quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock worth $587,683,000 after buying an additional 388,540 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on AEP. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. Jefferies Financial Group restated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a report on Friday, February 20th. The Goldman Sachs Group raised their price target on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 13th. TD Cowen lifted their price objective on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Barclays boosted their price objective on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.10.

American Electric Power Stock Performance

NASDAQ AEP opened at $131.08 on Wednesday. The company’s fifty day moving average is $127.22 and its two-hundred day moving average is $120.38. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week 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 firm has a market capitalization of $71.25 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 3.08 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS 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 business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

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 2.9%. American Electric Power’s dividend payout ratio is 56.72%.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction that occurred 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 sale, the executive vice president 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is currently owned by company insiders.

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.