Mitsubishi UFJ Asset Management Co. Ltd. Acquires 53,941 Shares of American Electric Power Company, Inc. $AEP

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,114,080 shares of the company’s stock after buying an additional 53,941 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of American Electric Power worth $125,334,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC grew its stake in shares of American Electric Power by 129.7% in the third quarter. AlphaCore Capital LLC now owns 1,794 shares of the company’s stock worth $202,000 after acquiring an additional 1,013 shares during the period. Intech Investment Management LLC lifted its position in American Electric Power by 40.9% during the third quarter. Intech Investment Management LLC now owns 45,544 shares of the company’s stock valued at $5,124,000 after purchasing an additional 13,212 shares during the period. Catalyst Financial Partners LLC boosted its holdings in American Electric Power by 6.1% in the third quarter. Catalyst Financial Partners LLC now owns 2,053 shares of the company’s stock worth $231,000 after purchasing an additional 118 shares during the last quarter. RWA Wealth Partners LLC grew its position in American Electric Power by 22.7% in the 3rd quarter. RWA Wealth Partners LLC now owns 10,058 shares of the company’s stock worth $1,132,000 after purchasing an additional 1,862 shares during the period. Finally, Cary Street Partners Financial LLC grew its position in American Electric Power by 8.5% in the 3rd quarter. Cary Street Partners Financial LLC now owns 37,223 shares of the company’s stock worth $4,188,000 after purchasing an additional 2,914 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $132.10 on Friday. The company has a 50 day simple moving average of $120.36 and a two-hundred day simple moving average of $117.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The firm has a market cap of $71.45 billion, a P/E ratio of 19.72, a PEG ratio of 3.11 and a beta of 0.62. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $133.06.

American Electric Power (NASDAQ:AEP) last released its earnings results 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 company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the company earned $1.24 EPS. American Electric Power’s revenue for the quarter 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. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEP. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the company from $131.00 to $122.00 in a report on Monday, January 12th. Siebert Williams Shank began coverage on American Electric Power in a research report on Thursday, December 18th. They issued a “buy” rating and a $137.00 target price on the stock. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Finally, Scotiabank upped their price target on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $131.28.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. 0.07% of the stock is currently owned by insiders.

American Electric Power 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.