Vestcor Inc Has $6.24 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Vestcor Inc lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,138 shares of the company’s stock after purchasing an additional 5,710 shares during the quarter. Vestcor Inc’s holdings in American Electric Power were worth $6,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Root Financial Partners LLC grew its position in shares of American Electric Power by 15.0% in the 4th quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock valued at $74,000 after purchasing an additional 83 shares during the period. Baron Silver Stevens Financial Advisors LLC grew its position in shares of American Electric Power by 4.1% in the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock valued at $251,000 after purchasing an additional 85 shares during the period. Vectors Research Management LLC grew its position in shares of American Electric Power by 0.4% in the 4th quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after purchasing an additional 86 shares during the period. CYBER HORNET ETFs LLC grew its position in shares of American Electric Power by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 1,497 shares of the company’s stock valued at $173,000 after purchasing an additional 87 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of American Electric Power by 16.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after purchasing an additional 88 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 1.1%

Shares of American Electric Power stock opened at $129.14 on Friday. American Electric Power Company, Inc. has a 12-month low of $100.72 and a 12-month high of $139.44. The stock has a market cap of $70.27 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.57 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $131.52 and its 200-day moving average is $125.46.

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

American Electric Power Dividend Announcement

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

Analyst Ratings Changes

AEP has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Evercore boosted their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. UBS Group boosted their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Truist Financial cut their target price on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

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.