405,625 Shares of American Electric Power Company, Inc. $AEP Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 405,625 shares of the company’s stock, valued at approximately $48,123,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of American Electric Power as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC raised its holdings in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Elevation Wealth Partners LLC raised its stake in American Electric Power by 118.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of American Electric Power in the second quarter valued at approximately $27,000. Caitlin John LLC bought a new stake in shares of American Electric Power during the 2nd quarter valued at $27,000. Finally, Premier Financial Group acquired a new stake in shares of American Electric Power during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP opened at $130.21 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.46. The company has a market cap of $70.90 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. The stock has a fifty day simple moving average of $123.35 and a two-hundred day simple moving average of $127.93. American Electric Power Company, Inc. has a 12-month low of $112.54 and a 12-month high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. The firm had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.55 billion. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.80 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.41 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 annualized dividend and a yield of 3.0%. American Electric Power’s payout ratio is presently 61.39%.

Trending Headlines about American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

Insider Buying and Selling

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Barclays lowered their target price on American Electric Power from $129.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Wells Fargo & Company raised their price objective on shares of American Electric Power from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a report on Wednesday, September 9th. Finally, Scotiabank decreased their price target on shares of American Electric Power from $140.00 to $131.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. Sixteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.