178,798 American Electric Power Company, Inc. $AEP Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,957,260 shares of the company’s stock after purchasing an additional 178,798 shares during the period. Pictet Asset Management Holding SA owned 0.54% of American Electric Power worth $350,849,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AEP. Costello Asset Management INC raised its holdings in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Parvin Asset Management LLC purchased a new position in American Electric Power in the second quarter worth about $27,000. Caitlin John LLC purchased a new position in shares of American Electric Power in the second quarter worth approximately $27,000. Finally, Premier Financial Group bought a new position in American Electric Power in the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $126.53 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.40 and a current ratio of 0.51. The stock’s fifty day moving average is $123.97 and its 200 day moving average is $128.18. The firm has a market capitalization of $68.90 billion, a PE ratio of 20.44, a PEG ratio of 2.59 and a beta of 0.46. American Electric Power Company, Inc. has a fifty-two week low of $112.54 and a fifty-two week high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.19. The business had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.55 billion. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.44 earnings per share for the current year.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.97 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 10th. American Electric Power’s payout ratio is presently 61.39%.

Insider Transactions at American Electric Power

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

Key Stories Impacting American Electric Power

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

• Positive Sentiment: AEP and Google are advancing a proposed $4 billion fuel-cell project to power data centers in Cheyenne, highlighting potential demand from data-center growth. Article
• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS estimates, to $6.55 and $6.95, respectively. The analyst retained a Sector Perform rating and $131 price target, so the estimate increases are encouraging but not an outright bullish call. Article
• Positive Sentiment: AEP has created AEP Infrastructure, a new business unit that may help organize and advance infrastructure investment tied to the company’s growth plans. Article
• Neutral Sentiment: AEP’s dividend date is approaching, providing a near-term point of interest for income investors; the article headline does not indicate a dividend increase. Article
• Negative Sentiment: AEP’s roughly $100 billion spending plan, including data-center-related growth, has prompted questions about dividend safety and whether new share issuance could be needed. A December Texas deadline may affect how the investment burden is funded, creating uncertainty for shareholders. Article
• Negative Sentiment: Ladenburg Thalmann trimmed its price target to $140.50 from $142.50, a modestly less optimistic outlook, though the revised target remains above the stock’s recent trading level. Article

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Scotiabank cut their price objective on shares of American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 30th. TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a report on Wednesday, September 9th. BMO Capital Markets decreased their target price on shares of American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a research note on Monday, October 19th. Barclays boosted their price objective on American Electric Power from $120.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Finally, Jefferies Financial Group set a $153.00 target price on shares of American Electric Power in a research report on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average price target of $139.83.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers.

AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.