American Electric Power Company, Inc. $AEP Stake Boosted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its AEP stake by 2.6% in the third quarter, adding 118,127 shares to bring its holdings to about 4.66 million shares, valued at $558.4 million.
• AEP reported quarterly earnings of $2.23 per share, topping the $2.04 consensus estimate, while revenue rose 13.7% year over year to $6.83 billion.
• The company raised its quarterly dividend from $0.95 to $0.97 per share, equivalent to an annualized $3.88 and a 3.1% yield.

Allspring Global Investments Holdings LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,663,249 shares of the company's stock after buying an additional 118,127 shares during the period. American Electric Power accounts for 0.9% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 11th largest position. Allspring Global Investments Holdings LLC owned approximately 0.86% of American Electric Power worth $558,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in American Electric Power during the 2nd quarter valued at about $6,980,601,000. Kayne Anderson Capital Advisors LP bought a new stake in American Electric Power during the second quarter worth about $8,448,000. Silvant Capital Management LLC bought a new stake in American Electric Power during the second quarter worth about $2,278,000. Bellars Harris Wealth Management LLC purchased a new stake in American Electric Power in the second quarter worth about $10,377,000. Finally, Oxford Financial Group LTD. LLC purchased a new stake in American Electric Power in the second quarter worth about $1,208,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AEP. Citigroup decreased their target price on shares of American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of American Electric Power from a "sell" rating to a "hold" rating in a report on Saturday, October 24th. BTIG Research reissued a "buy" rating and issued a $153.00 price target on shares of American Electric Power in a research report on Thursday, October 29th. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research note on Thursday, August 27th. Finally, Barclays upped their price target on American Electric Power from $120.00 to $132.00 and gave the stock an "equal weight" rating in a research note on Monday, November 2nd. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.83.

American Electric Power News Summary

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP and Google are advancing a proposed $4 billion fuel-cell project to power data centers in Cheyenne, highlighting potential demand from data-center growth. Article
• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS estimates, to $6.55 and $6.95, respectively. The analyst retained a Sector Perform rating and $131 price target, so the estimate increases are encouraging but not an outright bullish call. Article
• Positive Sentiment: AEP has created AEP Infrastructure, a new business unit that may help organize and advance infrastructure investment tied to the company’s growth plans. Article
• Neutral Sentiment: AEP’s dividend date is approaching, providing a near-term point of interest for income investors; the article headline does not indicate a dividend increase. Article
• Negative Sentiment: AEP’s roughly $100 billion spending plan, including data-center-related growth, has prompted questions about dividend safety and whether new share issuance could be needed. A December Texas deadline may affect how the investment burden is funded, creating uncertainty for shareholders. Article
• Negative Sentiment: Ladenburg Thalmann trimmed its price target to $140.50 from $142.50, a modestly less optimistic outlook, though the revised target remains above the stock’s recent trading level. Article

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $126.53 on Monday. The stock has a market cap of $68.90 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.59 and a beta of 0.46. The firm's 50-day moving average is $123.97 and its 200 day moving average is $128.18. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.40.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.04 by $0.19. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.55 billion. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. American Electric Power's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.44 EPS for the current fiscal year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $0.97 dividend. This is a boost from American Electric Power's previous quarterly dividend of $0.95. This represents a $3.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th. American Electric Power's payout ratio is currently 62.68%.

American Electric Power Company Profile

American Electric Power Company, Inc NASDAQ: AEP is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers.

AEP's operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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