Swiss National Bank Lowers Position in American Electric Power Company, Inc. $AEP

Swiss National Bank reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,539,900 shares of the company’s stock after selling 76,600 shares during the period. Swiss National Bank’s holdings in American Electric Power were worth $173,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying 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 $320,000. Sivia Capital Partners LLC raised its position in American Electric Power by 149.5% in 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 in the last quarter. Summit Investment Advisors Inc. raised its position in American Electric Power by 1.7% in the first quarter. Summit Investment Advisors Inc. now owns 22,502 shares of the company’s stock worth $2,459,000 after acquiring an additional 369 shares in the last quarter. Finally, AGF Management Ltd. lifted its holdings in American Electric Power by 23.7% in the second quarter. AGF Management Ltd. now owns 55,918 shares of the company’s stock valued at $5,802,000 after acquiring an additional 10,719 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and set a $133.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. Siebert Williams Shank initiated coverage on shares of American Electric Power in a report on Thursday, December 18th. They set a “buy” rating and a $137.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Finally, BMO Capital Markets increased their target price on shares of American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.24.

American Electric Power Stock Down 0.0%

American Electric Power stock opened at $131.86 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market capitalization of $71.59 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $134.60. The stock’s fifty day moving average is $122.80 and its two-hundred day moving average is $118.10.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

Insiders Place Their Bets

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 10,457 shares of company stock worth $1,295,273. Insiders own 0.07% of the company’s stock.

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.