Dakota Wealth Management Lowers Holdings in American Electric Power Company, Inc. $AEP

Dakota Wealth Management decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,320 shares of the company’s stock after selling 7,318 shares during the period. Dakota Wealth Management’s holdings in American Electric Power were worth $5,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AEP. PFG Investments LLC boosted its stake in American Electric Power by 0.3% in the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after purchasing an additional 83 shares during the period. Strategic Advisors LLC raised its position in shares of American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after buying an additional 87 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of American Electric Power by 16.2% during the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after buying an additional 88 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of American Electric Power by 12.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after buying an additional 89 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in shares of American Electric Power by 6.8% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock worth $159,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.0%

Shares of AEP stock opened at $130.10 on Friday. The company has a market cap of $70.72 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 3.03 and a beta of 0.61. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $135.00. The stock’s 50 day simple moving average is $126.76 and its two-hundred day simple moving average is $119.90. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.24 earnings per share. The business’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 predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

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

Insider Activity

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were 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 of the company’s stock, valued at $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was 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 $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEP. TD Cowen raised their target price on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. LADENBURG THALM/SH SH upgraded 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 research note on Wednesday, March 4th. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Mizuho lifted their target price on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, Barclays boosted their target price on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

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.