M3 Wealth Management LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,771 shares of the company’s stock, valued at approximately $896,000.
Several other hedge funds also recently modified their holdings of AEP. Activest Wealth Management boosted its position in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the last quarter. Dogwood Wealth Management LLC boosted its position in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after buying an additional 175 shares during the last quarter. Optima Capital LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its position in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on AEP. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Evercore lifted their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, March 4th. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Monday, April 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price objective on shares of American Electric Power in a research report on Friday, February 20th. One equities 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.
American Electric Power Stock Down 0.5%
AEP stock opened at $130.90 on Wednesday. The stock’s fifty day simple moving average is $131.92 and its two-hundred day simple moving average is $125.17. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The stock has a market cap of $71.22 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.62 and a beta of 0.56.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s payout ratio is presently 55.80%.
Insider Activity
In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.
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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