American Electric Power Company, Inc. $AEP Shares Bought by Legal & General Group Plc

Key Points

• Legal & General Group Plc raised its stake in American Electric Power by 4.4% in Q3 and now owns 5,129,468 shares—about 0.96% of the company, worth roughly $577.1 million.
• American Electric Power beat quarterly estimates (EPS $1.19 vs. $1.15; revenue $5.32B vs. $5.07B), set FY2026 guidance of $6.150–$6.450 EPS, and carries a consensus analyst rating of “Moderate Buy” with a $135.24 price target.
• The company pays a quarterly dividend of $0.95 ($3.80 annualized, ~2.9% yield), while insiders have sold about 10,457 shares (~$1.30M) over the past 90 days.

Legal & General Group Plc raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,129,468 shares of the company's stock after buying an additional 217,080 shares during the quarter. Legal & General Group Plc owned about 0.96% of American Electric Power worth $577,065,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AEP. Meeder Asset Management Inc. purchased a new position in shares of American Electric Power during the 3rd quarter worth approximately $26,000. Dogwood Wealth Management LLC raised its position in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company's stock valued at $26,000 after purchasing an additional 175 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power in the third quarter valued at approximately $26,000. Montag A & Associates Inc. lifted its stake in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company's stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its position in shares of American Electric Power by 3,000.0% during the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company's stock worth $32,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEP shares. Williams Trading set a $137.00 price objective on American Electric Power in a research note on Thursday, December 18th. Siebert Williams Shank started coverage on American Electric Power in a report on Thursday, December 18th. They set a "buy" rating and a $137.00 target price for the company. BMO Capital Markets lifted their target price on American Electric Power from $125.00 to $136.00 and gave the company a "market perform" rating in a research report on Tuesday, February 17th. Mizuho boosted their price target on shares of American Electric Power from $123.00 to $130.00 and gave the stock a "neutral" rating in a research note on Friday, February 13th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $150.00 price target on shares of American Electric Power in a research report on Friday, February 20th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.24.

American Electric Power Stock Performance

NASDAQ:AEP opened at $132.31 on Wednesday. The firm has a market cap of $71.84 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $134.60. The firm's fifty day moving average price is $123.13 and its 200 day moving average price is $118.23. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.07 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business's revenue 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. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power's dividend payout ratio (DPR) is currently 56.72%.

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 that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares of the company's stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company's stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,457 shares of company stock worth $1,295,273. 0.07% of the stock is owned by insiders.

American Electric Power Company 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.

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