NEOS Investment Management LLC Purchases 102,075 Shares of American Electric Power Company, Inc. $AEP

NEOS Investment Management LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 57.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,893 shares of the company’s stock after buying an additional 102,075 shares during the period. NEOS Investment Management LLC owned approximately 0.05% of American Electric Power worth $31,488,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AEP. PFG Investments LLC boosted its position in shares of American Electric Power by 0.3% during the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after acquiring an additional 83 shares during the last quarter. Strategic Advisors LLC raised its stake in American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after purchasing an additional 87 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in American Electric Power by 16.2% during the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after purchasing an additional 88 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of American Electric Power by 12.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after buying an additional 89 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock worth $159,000 after buying an additional 90 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. UBS Group dropped their target price on American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday, December 17th. Citigroup boosted their target price on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company raised their price target on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.28.

Insider Transactions at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

American Electric Power Price Performance

Shares of AEP stock opened at $129.94 on Tuesday. The stock has a 50 day moving average price of $117.86 and a 200 day moving average price of $116.14. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $130.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market capitalization of $70.28 billion, a P/E ratio of 19.39, a P/E/G ratio of 3.10 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) 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.