American Electric Power Company, Inc. $AEP Shares Sold by Employees Retirement System of Texas

Key Points

• Employees Retirement System of Texas trimmed its AEP stake by 24.4% in Q3, selling 34,616 shares and retaining 107,319 shares valued at about $12.07 million.
• Two AEP executives, EVP Phillip R. Ulrich and EVP Kelly J. Ferneau, recently sold 4,106 and 1,351 shares respectively—reducing their individual holdings by roughly 8–9% and raising about $720k combined.
• AEP outperformed expectations with $1.19 EPS and $5.32B revenue for the quarter, issued FY2026 EPS guidance of 6.150–6.450, and pays a $0.95 quarterly dividend (approximately a 2.9% yield).

Employees Retirement System of Texas reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 24.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,319 shares of the company's stock after selling 34,616 shares during the quarter. Employees Retirement System of Texas' holdings in American Electric Power were worth $12,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PFG Investments LLC grew its holdings in shares of American Electric Power by 0.3% in the third quarter. PFG Investments LLC now owns 24,823 shares of the company's stock valued at $2,793,000 after purchasing an additional 83 shares during the period. Strategic Advisors LLC raised its stake in American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company's stock worth $2,993,000 after purchasing an additional 87 shares during the period. SBI Securities Co. Ltd. boosted its holdings in American Electric Power by 16.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company's stock valued at $71,000 after purchasing an additional 88 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of American Electric Power by 12.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company's stock valued at $82,000 after buying an additional 89 shares during the period. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company's stock valued at $159,000 after buying an additional 90 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the transaction, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, the executive vice president owned 15,410 shares of the company's stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.07% of the company's stock.

American Electric Power Stock Up 0.7%

AEP stock opened at $132.22 on Friday. The company's 50 day moving average price is $123.79 and its 200 day moving average price is $118.42. The firm has a market capitalization of $71.79 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.09 and a beta of 0.61. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $134.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $5.07 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company's quarterly revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given 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 is currently 56.72%.

Analysts Set New Price Targets

Several analysts have recently commented on AEP shares. Scotiabank lifted their price target on shares of American Electric Power from $121.00 to $131.00 and gave the company a "sector perform" rating in a research report on Tuesday, December 16th. Jefferies Financial Group reissued a "buy" rating and set a $150.00 target price on shares of American Electric Power in a research note on Friday, February 20th. Argus lifted their target price on American Electric Power from $128.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Bank of America cut American Electric Power from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.90.

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.

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