Pictet Asset Management Holding SA Buys 927,095 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Pictet Asset Management raised its AEP stake by 374.1%, purchasing 927,095 shares to hold 1,174,903 shares valued at about $135.48 million (≈0.22% of the company).
• Other major institutions — including Victory Capital, Soroban, Assenagon, AQR and Ameriprise — also significantly increased positions, leaving institutional investors with roughly 75.24% ownership of AEP.
• Analysts hold a Moderate Buy consensus with a $138.18 target after several upgrades and price-target raises, and AEP set FY2026 EPS guidance of 6.15–6.45, near the 6.34 EPS analysts forecast.

Pictet Asset Management Holding SA boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 374.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174,903 shares of the company's stock after purchasing an additional 927,095 shares during the period. Pictet Asset Management Holding SA owned about 0.22% of American Electric Power worth $135,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEP. Victory Capital Management Inc. lifted its stake in American Electric Power by 105.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company's stock valued at $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP lifted its stake in American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company's stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company's stock valued at $225,718,000 after purchasing an additional 1,529,662 shares during the last quarter. AQR Capital Management LLC lifted its stake in American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company's stock valued at $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company's stock valued at $684,772,000 after purchasing an additional 1,285,279 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

AEP has been the subject of several recent research reports. Seaport Research Partners upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, April 20th. The Goldman Sachs Group upped their price target on shares of American Electric Power from $141.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. BMO Capital Markets decreased their price target on shares of American Electric Power from $141.00 to $138.00 and set a "market perform" rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their price target on shares of American Electric Power from $141.00 to $144.00 and gave the company an "overweight" rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.18.

American Electric Power Stock Up 0.3%

American Electric Power stock opened at $135.07 on Tuesday. 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 Company, Inc. has a 52-week low of $97.46 and a 52-week high of $137.74. The firm has a 50 day moving average price of $132.12 and a two-hundred day moving average price of $123.44. The firm has a market cap of $73.42 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.16 and a beta of 0.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (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 firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the business earned $1.24 EPS. The company's 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. Equities analysts predict that American Electric Power Company, Inc. will post 6.34 EPS for the current year.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the transaction, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm'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 transaction 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. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by company insiders.

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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