Vestcor Inc Has $6.24 Million Position in American Electric Power Company, Inc. $AEP

Vestcor Inc increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,138 shares of the company’s stock after acquiring an additional 5,710 shares during the quarter. Vestcor Inc’s holdings in American Electric Power were worth $6,243,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Pinebridge Investments LLC acquired a new position in shares of American Electric Power during the 4th quarter worth approximately $2,564,000. Parallel Advisors LLC grew its holdings in American Electric Power by 2.6% in the 4th quarter. Parallel Advisors LLC now owns 9,272 shares of the company’s stock valued at $1,069,000 after buying an additional 233 shares in the last quarter. Randolph Co Inc grew its holdings in American Electric Power by 2.0% in the 4th quarter. Randolph Co Inc now owns 144,883 shares of the company’s stock valued at $16,706,000 after buying an additional 2,775 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in American Electric Power by 21.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 39,938 shares of the company’s stock valued at $4,604,000 after buying an additional 7,113 shares in the last quarter. Finally, Vise Technologies Inc. grew its holdings in American Electric Power by 38.3% in the 4th quarter. Vise Technologies Inc. now owns 17,995 shares of the company’s stock valued at $2,075,000 after buying an additional 4,986 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP opened at $129.14 on Friday. The firm has a market cap of $70.27 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.57 and a beta of 0.53. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The business’s fifty day moving average is $131.52 and its 200-day moving average is $125.46.

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

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AEP. UBS Group upped their price objective on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Mizuho upped their price objective on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

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.