IFP Advisors Inc Purchases 4,590 Shares of American Electric Power Company, Inc. $AEP

IFP Advisors Inc grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 36.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,276 shares of the company’s stock after buying an additional 4,590 shares during the quarter. IFP Advisors Inc’s holdings in American Electric Power were worth $1,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AEP. Brighton Jones LLC lifted its position 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 buying an additional 1,095 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC lifted its position 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 buying an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL lifted its position 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 buying an additional 105 shares in the last quarter. Finally, AXA S.A. increased its stake 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 during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Morgan Stanley decreased their price target on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group raised their price target on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Evercore raised their price target on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Get Our Latest Stock Analysis on American Electric Power

American Electric Power Stock Up 1.5%

American Electric Power stock opened at $131.59 on Friday. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The firm has a market capitalization of $71.60 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The firm has a 50 day simple moving average of $131.99 and a 200 day simple moving average of $124.98.

American Electric Power (NASDAQ:AEPGet Free Report) last released 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. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business earned $1.54 EPS. American Electric Power’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. On average, analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is owned by insiders.

American Electric Power Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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