BI Asset Management Fondsmaeglerselskab A S Trims Stake in American Electric Power Company, Inc. $AEP

BI Asset Management Fondsmaeglerselskab A S reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,417 shares of the company’s stock after selling 5,181 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Electric Power were worth $4,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Dogwood Wealth Management LLC boosted its position in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the period. Optima Capital LLC bought a new position in shares of American Electric Power in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. boosted its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

AEP stock opened at $129.14 on Monday. The company has a market capitalization of $70.27 billion, a PE ratio of 18.96, a P/E/G ratio of 2.57 and a beta of 0.53. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44. The firm’s 50-day moving average is $131.52 and its 200 day moving average is $125.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AEP. Mizuho raised their target price on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Evercore raised their target price on shares of American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company increased their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley lowered their price objective on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.10.

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.