American Electric Power Company, Inc. $AEP Shares Sold by Bollard Group LLC

Bollard Group LLC reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 29.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 393,690 shares of the company’s stock after selling 166,439 shares during the quarter. American Electric Power accounts for approximately 1.1% of Bollard Group LLC’s investment portfolio, making the stock its 12th largest position. Bollard Group LLC’s holdings in American Electric Power were worth $45,397,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AEP. Brighton Jones LLC grew its holdings in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares during the period. Acadian Asset Management LLC acquired a new position in American Electric Power during the first quarter worth about $320,000. Sivia Capital Partners LLC grew its holdings in American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after acquiring an additional 2,931 shares during the period. Gamco Investors INC. ET AL grew its holdings in American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after acquiring an additional 105 shares during the period. Finally, AXA S.A. grew its holdings in American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after acquiring an additional 38,684 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a research report on Friday, May 8th. Truist Financial decreased their price target on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Trading Up 0.6%

NASDAQ:AEP opened at $129.23 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. The stock has a fifty day simple moving average of $131.28 and a 200 day simple moving average of $125.67.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the company posted $1.54 EPS. American Electric Power’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. 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 55.80%.

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.