Resona Asset Management Co. Ltd. Lowers Position in American Electric Power Company, Inc. $AEP

Resona Asset Management Co. Ltd. lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,321 shares of the company’s stock after selling 6,846 shares during the period. Resona Asset Management Co. Ltd.’s holdings in American Electric Power were worth $19,883,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management boosted its position in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Dogwood Wealth Management LLC boosted its position 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. Optima Capital LLC purchased a new stake in American Electric Power in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. boosted its position in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was 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 in the company, 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 SEC, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. UBS Group upped their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. BMO Capital Markets lowered their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 22nd. TD Cowen upped their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.57.

American Electric Power Trading Up 1.0%

Shares of AEP stock opened at $128.92 on Wednesday. The stock’s fifty day moving average is $132.10 and its two-hundred day moving average is $124.82. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The firm has a market capitalization of $70.15 billion, a P/E ratio of 18.93, a PEG ratio of 2.55 and a beta of 0.56. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The company 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%.The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts expect that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

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.