Jain Global LLC Increases Holdings in American Electric Power Company, Inc. $AEP

Jain Global LLC increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 83.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,309 shares of the company’s stock after acquiring an additional 27,843 shares during the period. Jain Global LLC’s holdings in American Electric Power were worth $6,897,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. PFG Investments LLC grew its holdings in American Electric Power by 0.3% in the third quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after purchasing an additional 83 shares during the last quarter. Strategic Advisors LLC raised its stake in shares of American Electric Power by 0.3% during the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock worth $2,993,000 after buying an additional 87 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of American Electric Power by 16.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock worth $71,000 after buying an additional 88 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of American Electric Power by 12.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after buying an additional 89 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA grew its stake in American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock valued at $159,000 after acquiring an additional 90 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $134.15 on Tuesday. The company has a 50-day simple moving average of $124.54 and a 200-day simple moving average of $118.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The company has a market cap of $72.83 billion, a PE ratio of 20.02, a price-to-earnings-growth 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 $135.00.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $5.32 billion for 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%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Insiders Place Their Bets

In other 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 value 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 $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the transaction, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEP. Jefferies Financial Group restated a “buy” rating and set a $150.00 target price on shares of American Electric Power in a report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. BMO Capital Markets raised their price objective on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $133.00 target price on shares of American Electric Power in a report on Friday, February 20th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.90.

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.