World Investment Advisors grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 26.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,841 shares of the company’s stock after purchasing an additional 4,533 shares during the period. World Investment Advisors’ holdings in American Electric Power were worth $2,312,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of American Electric Power by 280.5% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 253,800 shares of the company’s stock valued at $29,266,000 after purchasing an additional 187,100 shares during the period. Meridian Wealth Management LLC raised its holdings in shares of American Electric Power by 59.8% in the 4th quarter. Meridian Wealth Management LLC now owns 8,061 shares of the company’s stock valued at $929,000 after purchasing an additional 3,017 shares during the period. ABC Arbitrage SA bought a new stake in shares of American Electric Power in the 4th quarter valued at about $2,391,000. Valeo Financial Advisors LLC raised its holdings in shares of American Electric Power by 7.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 13,050 shares of the company’s stock valued at $1,505,000 after purchasing an additional 865 shares during the period. Finally, 49 Wealth Management LLC raised its holdings in shares of American Electric Power by 4.6% in the 4th quarter. 49 Wealth Management LLC now owns 4,971 shares of the company’s stock valued at $573,000 after purchasing an additional 220 shares during the period. 75.24% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AEP. Mizuho upped their target price on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. The Goldman Sachs Group upped their target price on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Wednesday, March 4th. Finally, Morgan Stanley lowered their price target on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. One research 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.57.
American Electric Power Stock Performance
Shares of NASDAQ:AEP opened at $125.15 on Friday. The company’s 50 day moving average price is $132.24 and its two-hundred day moving average price is $124.62. American Electric Power Company, Inc. has a 12-month low of $100.72 and a 12-month high of $139.44. The firm has a market cap of $68.09 billion, a PE ratio of 18.38, a PEG ratio of 2.57 and a beta of 0.56. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. 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 year.
American Electric Power Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.
Insider Activity at American Electric Power
In related news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.
American Electric Power 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.
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