Randolph Co Inc acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 146,915 shares of the company’s stock, valued at approximately $17,430,000. American Electric Power accounts for approximately 1.4% of Randolph Co Inc’s investment portfolio, making the stock its 24th largest holding.
Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of American Electric Power during the 2nd quarter worth $6,980,601,000. Pictet Asset Management Holding SA increased its holdings in American Electric Power by 43.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,688,208 shares of the company’s stock worth $221,290,000 after acquiring an additional 513,305 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in American Electric Power in the 2nd quarter worth about $2,278,000. Kayne Anderson Capital Advisors LP purchased a new stake in American Electric Power in the 2nd quarter worth about $8,448,000. Finally, Bellars Harris Wealth Management LLC bought a new stake in American Electric Power in the 2nd quarter valued at about $10,377,000. 75.24% of the stock is owned by hedge funds and other institutional investors.
Key American Electric Power News
Here are the key news stories impacting American Electric Power this week:
- Positive Sentiment: HSBC initiated coverage with a Buy rating and a $145.90 price target, implying meaningful upside from recent levels. Jefferies also maintains a target well above the stock, although it reduced its target to $146 from $148. HSBC coverage article Jefferies price target article
- Positive Sentiment: AI-related electricity demand is strengthening AEP’s growth outlook. The company has contracted large-load capacity additions of 69 gigawatts through 2030, with approximately 90% tied to data centers and cryptocurrency customers. AEP expects operating EPS to grow at more than 9% annually through 2030. AEP dividend and data-center demand article
- Positive Sentiment: AEP raised its quarterly dividend by 2% to $0.97 per share, bringing the forward yield to roughly 3%. Its approximately 65% trailing payout ratio is expected to decline toward 55%, suggesting improved dividend coverage as earnings grow.
- Positive Sentiment: AEP recently moved above its 200-day moving average, a technical signal that some investors interpret as evidence of improving long-term momentum. AEP moving average article
- Neutral Sentiment: Wall Street is focused on AEP’s third-quarter results and key operating metrics. The earnings preview could increase volatility as investors assess whether demand growth is translating into revenue and earnings performance. AEP earnings preview
- Negative Sentiment: Analysts are questioning whether AEP’s aggressive investment required to serve data centers could pressure cash flow and dividend safety. The company’s debt-to-equity ratio is already elevated, making financing and execution risks important issues for income-focused shareholders. AEP dividend risk comparison
Insider Buying and Selling
In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Mizuho cut their target price on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. HSBC began coverage on shares of American Electric Power in a research note on Thursday. They issued a “buy” rating and a $145.90 target price for the company. BTIG Research raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Tuesday, October 20th. Finally, Citigroup lowered their price target on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Sixteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average price target of $138.70.
View Our Latest Stock Report on AEP
American Electric Power Stock Performance
NASDAQ:AEP opened at $129.69 on Monday. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58. The stock’s fifty day moving average price is $122.99 and its two-hundred day moving average price is $128.45. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company has a market cap of $70.60 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.68 and a beta of 0.48.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%. American Electric Power’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 6.40 EPS for the current year.
American Electric Power Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s payout ratio is currently 65.18%.
American Electric Power Company 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.
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