Korea Investment CORP Reduces Position in American Electric Power Company, Inc. $AEP

Korea Investment CORP trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,349 shares of the company’s stock after selling 4,493 shares during the period. Korea Investment CORP owned 0.06% of American Electric Power worth $35,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEP. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power during the 3rd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in American Electric Power in the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its stake in American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares in the last quarter. Montag A & Associates Inc. lifted its stake in 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 purchasing an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of American Electric Power by 3,000.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.0%

AEP stock opened at $131.86 on Tuesday. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $134.60. The firm has a market cap of $71.59 billion, a PE ratio of 19.68, a PEG ratio of 3.10 and a beta of 0.61. The firm’s 50 day moving average price is $122.80 and its 200-day moving average price is $118.10. 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 (NASDAQ:AEP) last issued 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. The company had revenue of $5.32 billion during 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 firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is currently 56.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AEP shares. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, March 4th. Wells Fargo & Company boosted their price objective on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Scotiabank upped their target price on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, December 16th. Siebert Williams Shank assumed coverage on American Electric Power in a research note on Thursday, December 18th. They issued a “buy” rating and a $137.00 target price for the company. Finally, Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.24.

Insider Transactions at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,457 shares of company stock worth $1,295,273. 0.07% of the stock is currently owned by company insiders.

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.