Swiss National Bank Decreases Stake in American Electric Power Company, Inc. $AEP

Swiss National Bank cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,539,900 shares of the company’s stock after selling 76,600 shares during the quarter. Swiss National Bank owned approximately 0.29% of American Electric Power worth $173,239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AEP. Meeder Asset Management Inc. purchased a new position in American Electric Power in the third quarter worth approximately $26,000. Dogwood Wealth Management LLC increased its position in shares of American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $26,000. Montag A & Associates Inc. raised its holdings in shares of American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after purchasing an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in shares of American Electric Power by 3,000.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 in the company, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,457 shares of company stock worth $1,295,273. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 0.0%

Shares of American Electric Power stock opened at $131.86 on Tuesday. The company has a fifty day simple moving average of $122.80 and a 200-day simple moving average of $118.10. 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 current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock 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 posted its earnings results 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the firm posted $1.24 EPS. The company’s revenue 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. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend 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 (DPR) is presently 56.72%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of analyst reports. Evercore boosted their target price on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised their price target on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, March 4th. Siebert Williams Shank initiated coverage on American Electric Power in a research report on Thursday, December 18th. They set a “buy” rating and a $137.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.24.

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.