Xponance Inc. Sells 8,310 Shares of American Electric Power Company, Inc. $AEP

Xponance Inc. lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,733 shares of the company’s stock after selling 8,310 shares during the period. Xponance Inc.’s holdings in American Electric Power were worth $8,632,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AEP. Vanguard Group Inc. raised its stake in shares of American Electric Power by 0.4% in the second quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after buying an additional 197,998 shares during the period. State Street Corp raised its stake in American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after acquiring an additional 653,712 shares during the period. Geode Capital Management LLC raised its stake in American Electric Power by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock valued at $1,379,532,000 after acquiring an additional 285,000 shares during the period. Invesco Ltd. lifted its holdings in American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in American Electric Power by 5.9% during the second quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock worth $509,709,000 after purchasing an additional 272,214 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $133.82 on Friday. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $134.60. The stock has a fifty day moving average of $120.75 and a 200 day moving average of $117.23. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market capitalization of $72.38 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.14 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share 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 analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s payout ratio is presently 56.72%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEP. Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Friday, February 13th. Mizuho lifted their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. BMO Capital Markets boosted their target price on shares of American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Williams Trading set a $137.00 price target on American Electric Power in a report on Thursday, December 18th. Finally, LADENBURG THALM/SH SH reduced their price target on American Electric Power from $124.50 to $117.50 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average price target of $132.53.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction on 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 in the company, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by insiders.

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.