Mackenzie Financial Corp Purchases 15,870 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Mackenzie Financial Corp increased its stake in American Electric Power by 3.2%, buying 15,870 shares in Q3 to hold 504,599 shares worth about $56.8 million (≈0.09% of the company).
• Insider sales: EVPs Kelly J. Ferneau and Phillip R. Ulrich sold 1,351 and 4,106 shares respectively in late February at average prices of $131.46 and $132.08, each trimming their positions by roughly 8%.
• AEP beat quarterly EPS estimates and set FY2026 guidance of 6.150–6.450 EPS; analysts rate the stock a "Moderate Buy" with an average target of $135.90, and the company pays a $0.95 quarterly dividend (≈2.9% yield).

Mackenzie Financial Corp lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 504,599 shares of the company's stock after buying an additional 15,870 shares during the quarter. Mackenzie Financial Corp owned about 0.09% of American Electric Power worth $56,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in American Electric Power in the third quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in American Electric Power during the 3rd quarter worth about $26,000. Dogwood Wealth Management LLC grew its holdings in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company's stock worth $26,000 after acquiring an additional 175 shares during the period. Montag A & Associates Inc. raised its position in shares of American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company's stock worth $29,000 after acquiring an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its position in shares of American Electric Power by 3,000.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company's stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares of the company's stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction dated Friday, February 27th. The shares were 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 of the company's stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.07% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the topic of several research analyst reports. Jefferies Financial Group restated a "buy" rating and set a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. UBS Group lifted their target price on American Electric Power from $132.00 to $135.00 in a report on Monday. TD Cowen boosted their price target on American Electric Power from $137.00 to $141.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on American Electric Power from $140.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, February 13th. Finally, Siebert Williams Shank assumed coverage on shares of American Electric Power in a research report on Thursday, December 18th. They set a "buy" rating and a $137.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $135.90.

American Electric Power Stock Performance

NASDAQ AEP opened at $132.22 on Friday. The company has a market cap of $71.79 billion, a P/E ratio of 19.73, a PEG ratio of 3.09 and a beta of 0.61. The company has a fifty day simple moving average of $123.79 and a 200 day simple moving average of $118.42. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. 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. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power's dividend payout ratio is currently 56.72%.

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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.