Magellan Asset Management Ltd Raises Stake in American Electric Power Company, Inc. $AEP

Magellan Asset Management Ltd boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,698 shares of the company’s stock after acquiring an additional 22,480 shares during the period. Magellan Asset Management Ltd’s holdings in American Electric Power were worth $38,441,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AEP. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power during the 3rd quarter worth $26,000. Meeder Asset Management Inc. acquired a new position in shares of American Electric Power during the third quarter worth $26,000. Montag A & Associates Inc. increased its holdings in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares during the last quarter. GoalVest Advisory LLC raised its stake in American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after buying an additional 230 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its stake in 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 buying an additional 300 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

American Electric Power Stock Performance

Shares of AEP opened at $132.39 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The firm has a market cap of $71.60 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company’s 50 day simple moving average is $119.68 and its 200-day simple moving average is $116.83. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $132.78.

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

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is 56.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup upped their price objective on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. UBS Group lowered their price target 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. TD Cowen raised their price objective on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Mizuho boosted their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Barclays increased their target price on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $131.28.

American Electric Power Company Profile

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.