Blackrock 13F: Adds $212M to American Electric Power (AEP) Stake

Blackrock has boosted its stake in American Electric Power Company, Inc. (NasdaqGS: AEP), adding 1,536,746 shares. This brings its total holdings to 47,797,729 shares, valued at approximately $6.14 billion as of the latest filing period ending March 31, 2026.

What Changed in Blackrock's American Electric Power Position

Blackrock increased its holdings in American Electric Power by 1.54 million shares, or 3.32%, from its previous position of 46,260,983 shares. This move indicates a strengthened position in the utility company, with the shares now valued at about $6.14 billion.

Other Institutional Activity in American Electric Power

Other major institutional investors also made moves in American Electric Power. Vanguard Capital Management LLC added significantly to its position, now holding 35,138,422 shares valued at approximately $4.61 billion. State Street Corp, however, reduced its stake slightly by 149,640 shares, ending with 30,288,136 shares worth about $3.97 billion. GQG Partners LLC trimmed its holdings by 1,876,988 shares, resulting in a total of 15,025,884 shares valued at $1.97 billion. Meanwhile, Morgan Stanley decreased its position by 175,689 shares, holding 14,486,169 shares valued at $1.90 billion.

American Electric Power Company, Inc. Stock Up 10.9%

Shares of American Electric Power traded at $128.48. The company has a market capitalization of $70.3 billion, a P/E ratio of 19.12, and a beta of 0.518, indicating lower volatility compared to the broader market. The stock's 52-week range is between $100.72 and $139.44, with moving averages of $131.43 over 50 days and $122.55 over 200 days. The company's debt-to-equity ratio stands at 157.1.

Recent Earnings

American Electric Power reported revenue of approximately $22.43 billion, reflecting a growth rate of 10.2%. The company achieved a net margin of 16.29% and a return on equity of 12.59%. Earnings per share stood at $6.76. The next earnings release is scheduled for May 5, 2026.

Dividend

The company offers a dividend rate of $3.80 per share, yielding 2.94%. The dividend payout ratio is 55.62%, indicating a balanced approach to returning income to shareholders.

Insider Buying and Selling at American Electric Power Company, Inc.

In recent insider activity, several executives sold shares on May 1, 2026. Greg Hall, Executive Vice President, sold 4,306 shares, while Kate Dixon, Controller and CAO, sold 636 shares, each at an average price of $136.91. Douglas Cannon, President of AEP Transmission, sold 1,770 shares. In March 2026, CEO William Fehrman bought 96 shares at $132.31.

Analysts Set New Price Targets

Analyst activity has been robust, with Truist Securities maintaining a 'buy' rating with a $145.00 price target as of May 29, 2026. On May 15, TD Cowen also maintained its 'buy' rating, setting a target of $148.00. Barclays, Citigroup, and Scotiabank all maintained 'hold' ratings with price targets ranging from $136.00 to $148.00. The consensus among 21 analysts is a 'buy' rating, with a mean target price of $144.33.

About American Electric Power Company, Inc.

American Electric Power Company, Inc. is a major utility holding company based in Columbus, Ohio. It provides electricity generation, transmission, and distribution to retail and wholesale customers across the United States. The company operates through various segments including Vertically Integrated Utilities, Transmission and Distribution Utilities, and AEP Transmission Holdco. AEP generates power from diverse sources such as coal, nuclear, natural gas, and renewables.

Bottom Line

Blackrock's increase in its stake in American Electric Power signals confidence in the utility's prospects. Investors often track such institutional moves for insights into potential stock performance. It's important to remember that 13F filings provide a historical snapshot and may not reflect current positions.