Everhart Financial Group Inc. Increases Stock Holdings in American Electric Power Company, Inc. $AEP

Everhart Financial Group Inc. boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 141.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,342 shares of the company’s stock after acquiring an additional 4,296 shares during the quarter. Everhart Financial Group Inc.’s holdings in American Electric Power were worth $847,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in American Electric Power during the third quarter worth $26,000. Dogwood Wealth Management LLC grew its position in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the third quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of American Electric Power during the third quarter worth about $29,000. Finally, Imprint Wealth LLC purchased a new stake in shares of American Electric Power during the third quarter worth about $35,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $125.66 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $135.00. The firm has a market capitalization of $68.30 billion, a PE ratio of 18.76, a PEG ratio of 2.96 and a beta of 0.61. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $125.69 and its 200 day moving average price is $119.28.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating 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 company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. American Electric Power’s quarterly revenue 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. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 56.72%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Scotiabank boosted their price objective on American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Evercore raised 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. Finally, The Goldman Sachs Group lifted their price target on American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Insider Activity at American Electric Power

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