North Dakota State Investment Board Invests $2.12 Million in American Electric Power Company, Inc. $AEP

North Dakota State Investment Board bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,348 shares of the company’s stock, valued at approximately $2,116,000.

Several other large investors also recently modified their holdings of AEP. Brighton Jones LLC grew its holdings in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of American Electric Power during the 1st quarter worth $320,000. Sivia Capital Partners LLC grew its holdings in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after purchasing an additional 38,684 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays increased their target price on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Mizuho increased their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup increased their target price on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Evercore increased their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, Argus raised their price objective on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.57.

Insider Activity

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the transaction, the executive vice president directly owned 42,263 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the 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 completion of the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.05% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $127.68 on Tuesday. The stock’s 50-day simple moving average is $132.16 and its 200 day simple moving average is $124.77. The firm has a market capitalization of $69.47 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.American Electric Power’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

About American Electric Power

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.