IFP Advisors Inc Boosts Holdings in American Electric Power Company, Inc. $AEP

IFP Advisors Inc increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 117.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,689 shares of the company’s stock after purchasing an additional 6,846 shares during the period. IFP Advisors Inc’s holdings in American Electric Power were worth $1,427,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its stake in American Electric Power by 28.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 243,194 shares of the company’s stock valued at $27,359,000 after purchasing an additional 53,236 shares in the last quarter. Innova Wealth Partners purchased a new position in American Electric Power in the third quarter worth about $316,000. Steadtrust LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $523,000. Investment Research Partners LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $285,000. Finally, Cambria Investment Management L.P. grew its holdings in shares of American Electric Power by 3.1% during the third quarter. Cambria Investment Management L.P. now owns 16,266 shares of the company’s stock valued at $1,830,000 after buying an additional 482 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

Shares of AEP opened at $125.66 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The business has a 50-day simple moving average of $125.69 and a two-hundred day simple moving average of $119.34. The stock has a market cap of $68.30 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.95 and a beta of 0.61. American Electric Power Company, Inc. has a 52 week low of $97.46 and a 52 week high of $135.00.

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

American Electric Power Dividend Announcement

The company 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 3.0%. American Electric Power’s payout ratio is currently 56.72%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEP. 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 report on Friday, February 13th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research note on Friday, February 13th. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Barclays boosted their price target on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Morgan Stanley upped their price target on American Electric Power from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

Insider Activity at American Electric Power

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’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 sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power 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 transaction, the executive vice president owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 0.07% of the stock is 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.