The Manufacturers Life Insurance Company Increases Stock Holdings in American Electric Power Company, Inc. $AEP

Posted by Brian Himes on Jul 29th, 2026

The Manufacturers Life Insurance Company increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,206,666 shares of the company’s stock after purchasing an additional 98,699 shares during the period. The Manufacturers Life Insurance Company’s holdings in American Electric Power were worth $158,170,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management grew its stake in shares of American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the period. Optima Capital LLC acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. raised its position in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Costello Asset Management INC raised its position in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its holdings in American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Truist Financial lifted their target price on American Electric Power from $145.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Scotiabank increased their price target on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Wells Fargo & Company increased their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $141.71.

Read Our Latest Report on American Electric Power

American Electric Power Stock Down 0.4%

Shares of NASDAQ AEP opened at $133.02 on Wednesday. The firm has a market cap of $72.38 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.40 and a beta of 0.52. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The business’s 50 day moving average is $131.89 and its two-hundred day moving average is $129.60.

American Electric Power (NASDAQ:AEP – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio is presently 55.80%.

About American Electric Power

(Free Report)

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.