American Electric Power Company, Inc. $AEP Stake Lifted by Diversify Advisory Services LLC

Diversify Advisory Services LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 90.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,475 shares of the company’s stock after purchasing an additional 4,502 shares during the quarter. Diversify Advisory Services LLC’s holdings in American Electric Power were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jefferies Financial Group Inc. acquired a new stake in shares of American Electric Power during the third quarter valued at approximately $2,650,000. Dynamic Technology Lab Private Ltd bought a new stake in American Electric Power in the third quarter worth approximately $1,271,000. Heritage Wealth Advisors increased its position in American Electric Power by 15.5% during the third quarter. Heritage Wealth Advisors now owns 1,493 shares of the company’s stock worth $168,000 after buying an additional 200 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of American Electric Power by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 453,829 shares of the company’s stock valued at $51,056,000 after acquiring an additional 15,665 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in American Electric Power during the third quarter valued at approximately $55,659,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a report on Friday, February 20th. BMO Capital Markets lifted their price objective on American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. TD Cowen increased their price target on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group raised their price objective on shares of American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $135.24.

American Electric Power Stock Performance

Shares of AEP opened at $132.31 on Wednesday. The stock has a market capitalization of $71.84 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.10 and a beta of 0.61. The firm has a fifty day simple moving average of $123.13 and a 200 day simple moving average of $118.23. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $134.60.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 56.72%.

Insiders Place Their Bets

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction dated 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 sale, the executive vice president 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. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,457 shares of company stock valued at $1,295,273 over the last ninety days. 0.07% of the stock is currently owned by company insiders.

American Electric Power Company 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.