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

Jain Global LLC raised its stake 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 & Exchange Commission. The fund owned 61,309 shares of the company’s stock after purchasing an additional 27,843 shares during the quarter. Jain Global LLC’s holdings in American Electric Power were worth $6,897,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after acquiring an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP lifted its stake in shares of American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of American Electric Power by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after purchasing an additional 1,285,279 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its position in American Electric Power by 92.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 2,176,088 shares of the company’s stock worth $244,828,000 after purchasing an additional 1,044,629 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.4%

Shares of NASDAQ:AEP opened at $134.15 on Tuesday. The company has a market capitalization of $72.83 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. The company has a 50 day moving average of $124.54 and a two-hundred day moving average of $118.80. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $135.00. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a $0.95 dividend. 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 payout ratio is currently 56.72%.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AEP shares. Barclays lifted their price target on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Mizuho increased their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. UBS Group raised their target price on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.90.

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.