NEOS Investment Management LLC Raises Holdings in American Electric Power Company, Inc. $AEP

NEOS Investment Management LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 57.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,893 shares of the company’s stock after buying an additional 102,075 shares during the period. NEOS Investment Management LLC’s holdings in American Electric Power were worth $31,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its position in American Electric Power by 39.3% during the 3rd quarter. GSA Capital Partners LLP now owns 6,187 shares of the company’s stock valued at $696,000 after purchasing an additional 1,745 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of American Electric Power by 5.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 10,598 shares of the company’s stock valued at $1,192,000 after purchasing an additional 559 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of American Electric Power by 21.3% during the third quarter. Rothschild Investment LLC now owns 6,910 shares of the company’s stock valued at $777,000 after purchasing an additional 1,212 shares in the last quarter. Founders Financial Alliance LLC increased its holdings in American Electric Power by 5.0% during the third quarter. Founders Financial Alliance LLC now owns 10,632 shares of the company’s stock valued at $1,196,000 after buying an additional 508 shares during the period. Finally, denkapparat Operations GmbH bought a new position in American Electric Power in the third quarter worth approximately $367,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 2.8%

Shares of American Electric Power stock opened at $129.94 on Tuesday. The firm’s 50 day simple moving average is $117.86 and its two-hundred day simple moving average is $116.14. The firm has a market capitalization of $70.28 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.10 and a beta of 0.62. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $130.07. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data 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. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. 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 year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is currently 56.72%.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on AEP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. Barclays upped their price objective on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a report on Friday. Finally, Bank of America cut shares of American Electric Power from a “buy” rating to a “neutral” rating and lowered their price target for the company from $131.00 to $122.00 in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.28.

About American Electric Power

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.