American Electric Power Company, Inc. $AEP Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,957,260 shares of the company’s stock after purchasing an additional 178,798 shares during the period. Pictet Asset Management Holding SA’s holdings in American Electric Power were worth $350,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of American Electric Power during the second quarter worth $6,980,601,000. Bank of America Corp DE purchased a new position in American Electric Power in the 2nd quarter worth $1,678,638,000. GQG Partners LLC purchased a new position in shares of American Electric Power in the second quarter worth about $1,404,094,000. Legal & General Group Plc acquired a new stake in American Electric Power during the 2nd quarter valued at approximately $680,638,000. Finally, Bank of New York Mellon Corp acquired a new position in American Electric Power during the second quarter valued at $495,495,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.2%

Shares of NASDAQ AEP opened at $126.53 on Friday. The company has a 50 day simple moving average of $123.97 and a 200-day simple moving average of $128.18. The company has a market capitalization of $68.90 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.59 and a beta of 0.46. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.40. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. The firm had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.55 billion. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post 6.44 earnings per share for the current year.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.1%. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Tuesday, November 10th. American Electric Power’s payout ratio is 61.39%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEP. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Jefferies Financial Group set a $153.00 price objective on shares of American Electric Power in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. UBS Group set a $135.00 price target on shares of American Electric Power in a research note on Monday, October 19th. Finally, HSBC started coverage on American Electric Power in a report on Thursday, October 22nd. They issued a “buy” rating and a $145.90 price objective on the stock. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.83.

Key Stories Impacting American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP and Google are advancing a proposed $4 billion fuel-cell project to power data centers in Cheyenne, highlighting potential demand from data-center growth. Article
• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS estimates, to $6.55 and $6.95, respectively. The analyst retained a Sector Perform rating and $131 price target, so the estimate increases are encouraging but not an outright bullish call. Article
• Positive Sentiment: AEP has created AEP Infrastructure, a new business unit that may help organize and advance infrastructure investment tied to the company’s growth plans. Article
• Neutral Sentiment: AEP’s dividend date is approaching, providing a near-term point of interest for income investors; the article headline does not indicate a dividend increase. Article
• Negative Sentiment: AEP’s roughly $100 billion spending plan, including data-center-related growth, has prompted questions about dividend safety and whether new share issuance could be needed. A December Texas deadline may affect how the investment burden is funded, creating uncertainty for shareholders. Article
• Negative Sentiment: Ladenburg Thalmann trimmed its price target to $140.50 from $142.50, a modestly less optimistic outlook, though the revised target remains above the stock’s recent trading level. Article

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers.

AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.