American Electric Power Company, Inc. $AEP Shares Acquired by TKG Advisors LLC
by Teresa Graham · The Cerbat GemTKG Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 89.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,721 shares of the company’s stock after acquiring an additional 10,702 shares during the period. TKG Advisors LLC’s holdings in American Electric Power were worth $2,620,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in American Electric Power by 1.4% during the 3rd 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 period. Ameriprise Financial Inc. lifted its holdings in shares of 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 buying an additional 1,285,279 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of 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 buying an additional 2,763,328 shares during the period. Alliancebernstein L.P. boosted its stake in shares of 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 buying an additional 388,540 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in American Electric Power by 4.4% during the third quarter. Legal & General Group Plc now owns 5,129,468 shares of the company’s stock worth $577,065,000 after acquiring an additional 217,080 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.
American Electric Power Stock Up 2.6%
Shares of AEP opened at $135.08 on Friday. The firm has a market cap of $73.42 billion, a P/E ratio of 20.16, a PEG ratio of 3.09 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $137.74. The stock’s 50 day moving average is $131.92 and its two-hundred day moving average is $123.11. 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 (NASDAQ:AEP – Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts predict that American Electric Power Company, Inc. will post 6.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. BMO Capital Markets decreased their price target on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a report on Wednesday. Argus lifted their target price on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Mizuho boosted their target price on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their price target on shares of American Electric Power from $139.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group restated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.18.
Read Our Latest Stock Report on American Electric Power
Insider Activity
In other news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction dated 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. This trade represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is 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.