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

Brevan Howard Capital Management LP lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 502.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,758 shares of the company’s stock after acquiring an additional 28,987 shares during the quarter. 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.

A number of other large investors have also bought and sold shares of AEP. West Family Investments Inc. acquired a new stake in American Electric Power in the 2nd quarter valued at about $256,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of American Electric Power by 462.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after purchasing an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of American Electric Power by 228.6% during the third quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after purchasing an additional 35,938 shares during the last quarter. Invesco Ltd. increased its holdings in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of American Electric Power by 807.5% in the third quarter. CWM LLC now owns 263,751 shares of the company’s stock valued at $29,672,000 after purchasing an additional 234,689 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $133.61 on Monday. The firm has a fifty day moving average of $124.14 and a two-hundred day moving average of $118.64. 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 stock has a market capitalization of $72.54 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 3.14 and a beta of 0.61. American Electric Power Company, Inc. has a 52 week low of $97.46 and a 52 week high of $134.60.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company earned $1.24 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Evercore upped their price objective on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets upped their price target on American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, February 17th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a report on Friday, February 13th. Finally, 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 research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $135.90.

Insider Activity

In related news, 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 value of $177,602.46. Following the sale, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares in the company, valued at $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. 0.07% of the stock is currently owned by 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.