Employees Retirement System of Texas Sells 56,753 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Employees Retirement System of Texas cut its stake in American Electric Power by 52.9% in the fourth quarter, selling 56,753 shares and leaving it with 50,566 shares worth about $5.83 million.
• Insider activity also showed selling, with EVP Phillip R. Ulrich disposing of 4,106 shares at an average price of $132.08, reducing his ownership by 8.86%.
• AEP reported solid quarterly results, beating earnings and revenue estimates, and it maintained a quarterly dividend of $0.95 per share, implying an annualized yield of 2.9%.

Employees Retirement System of Texas lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 52.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,566 shares of the company's stock after selling 56,753 shares during the period. Employees Retirement System of Texas' holdings in American Electric Power were worth $5,831,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in American Electric Power by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company's stock worth $6,053,417,000 after purchasing an additional 828,588 shares during the last quarter. State Street Corp increased its position in American Electric Power by 1.4% in the third quarter. State Street Corp now owns 28,922,911 shares of the company's stock worth $3,253,827,000 after purchasing an additional 406,445 shares during the last quarter. Ameriprise Financial Inc. increased its position in American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company's stock worth $684,772,000 after purchasing an additional 1,285,279 shares during the last quarter. Victory Capital Management Inc. increased its position in American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company's stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in American Electric Power by 8.0% in the third quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company's stock worth $587,683,000 after purchasing an additional 388,540 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Insiders Place Their Bets

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the 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 in the company, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by insiders.

American Electric Power Stock Performance

AEP stock opened at $129.57 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The business's fifty day simple moving average is $131.83 and its two-hundred day simple moving average is $125.24. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.61 and a beta of 0.56.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share 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 business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the firm posted $1.54 earnings per share. The business'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. Analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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 presently 55.80%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AEP shares. Barclays increased their price target on American Electric Power from $135.00 to $136.00 and gave the company an "equal weight" rating in a report on Wednesday, May 6th. Truist Financial started coverage on American Electric Power in a report on Tuesday, April 21st. They set a "buy" rating and a $148.00 price target on the stock. BMO Capital Markets decreased their price target on American Electric Power from $141.00 to $138.00 and set a "market perform" rating on the stock in a report on Wednesday, April 22nd. LADENBURG THALM/SH SH upgraded American Electric Power from a "neutral" rating to a "buy" rating and set a $148.00 price target on the stock in a report on Wednesday, March 4th. Finally, Mizuho increased their price target on American Electric Power from $130.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of "Moderate Buy" and an average target price of $141.24.

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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