Brevan Howard Capital Management LP Acquires 28,987 Shares of American Electric Power Company, Inc. $AEP

Brevan Howard Capital Management LP lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 502.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,758 shares of the company’s stock after acquiring an additional 28,987 shares during the period. Brevan Howard Capital Management LP’s holdings in American Electric Power were worth $3,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in American Electric Power in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in shares of American Electric Power during the 3rd quarter worth about $26,000. Dogwood Wealth Management LLC raised its position in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after buying an additional 175 shares during the last quarter. Osterweis Capital Management Inc. raised its position in shares of American Electric Power by 3,000.0% during 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 during the last quarter. Finally, Imprint Wealth LLC bought a new stake in shares of American Electric Power in the third quarter valued at about $35,000. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AEP shares. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, March 4th. Barclays raised their price objective on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Wells Fargo & Company lifted their price objective on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Argus boosted their price objective on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $135.90.

Insiders Place Their Bets

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, the executive vice president owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Stock Up 1.1%

Shares of AEP opened at $133.61 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $124.14 and a two-hundred day moving average price of $118.64. The stock has a market cap of $72.54 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 3.14 and a beta of 0.61. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $134.60.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’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. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio is 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.