6,904 Shares in American Electric Power Company, Inc. $AEP Acquired by Inceptionr LLC

Inceptionr LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,904 shares of the company’s stock, valued at approximately $777,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in 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. Soroban Capital Partners LP lifted its position in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after buying an additional 2,555,415 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of American Electric Power by 92.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 2,176,088 shares of the company’s stock worth $244,828,000 after acquiring an additional 1,044,629 shares during the period. Amundi grew its stake in shares of American Electric Power by 26.1% during the 2nd quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after acquiring an additional 765,258 shares during the period. Finally, State Street Corp increased its holdings in American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock worth $2,958,869,000 after acquiring an additional 653,712 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AEP shares. Weiss Ratings restated 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 research note on Friday, February 20th. Scotiabank lifted their price objective on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 16th. UBS Group boosted their target price on shares of American Electric Power from $132.00 to $135.00 in a report on Monday. Finally, Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.24.

American Electric Power Trading Down 0.0%

Shares of American Electric Power stock opened at $131.86 on Tuesday. The company’s 50-day moving average price is $122.80 and its 200-day moving average price is $118.10. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60. The company has a market cap of $71.59 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.10 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations 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 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. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,457 shares of company stock valued at $1,295,273. 0.07% of the stock is currently owned by company insiders.

American Electric Power 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.