American Electric Power Company, Inc. $AEP Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,230,129 shares of the company’s stock after purchasing an additional 35,692 shares during the period. Russell Investments Group Ltd. owned 0.23% of American Electric Power worth $138,379,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power in the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in American Electric Power during the third quarter worth $26,000. Dogwood Wealth Management LLC raised its holdings in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP stock opened at $131.86 on Tuesday. The company has a market cap of $71.59 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. 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 50-day moving average price of $122.80 and a two-hundred day moving average price of $118.10. 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 posted its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $5.32 billion during 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 revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AEP. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Wednesday, March 4th. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the company from $131.00 to $122.00 in a research report on Monday, January 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research note on Friday, February 20th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $135.24.

Insiders Place Their Bets

In other 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 owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,457 shares of company stock worth $1,295,273 over the last quarter. 0.07% of the stock is owned by corporate insiders.

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.