Forsta AP Fonden Sells 141,600 Shares of American Electric Power Company, Inc. $AEP

Forsta AP Fonden lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 56.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,700 shares of the company’s stock after selling 141,600 shares during the period. Forsta AP Fonden’s holdings in American Electric Power were worth $12,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after acquiring an additional 828,588 shares during the period. State Street Corp boosted its position in shares of American Electric Power by 1.4% during the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after acquiring an additional 406,445 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Electric Power by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after acquiring an additional 83,285 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 valued at $684,772,000 after acquiring an additional 1,285,279 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after acquiring an additional 2,763,328 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEP shares. Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target for the company in a research note on Friday, February 13th. Argus boosted their price target on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Wednesday, March 4th. UBS Group boosted their price target on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Finally, BMO Capital Markets cut their price target on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.10.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $126.67 on Monday. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The stock has a market capitalization of $68.92 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53. The company has a fifty day moving average of $131.63 and a 200-day moving average of $125.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

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

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio is 55.80%.

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.