Brookstone Capital Management Sells 5,697 Shares of American Electric Power Company, Inc. $AEP

Brookstone Capital Management lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 116,275 shares of the company’s stock after selling 5,697 shares during the period. Brookstone Capital Management’s holdings in American Electric Power were worth $13,408,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AEP. Meeder Asset Management Inc. bought a new stake in American Electric Power during the third quarter valued at $26,000. Dogwood Wealth Management LLC raised its position in shares of American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of American Electric Power in the 3rd quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at about $29,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of American Electric Power in the 4th quarter valued at about $32,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $131.08 on Wednesday. The business has a 50-day simple moving average of $127.22 and a 200 day simple moving average of $120.38. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $135.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The firm has a market capitalization of $71.25 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 3.08 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’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. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 56.72%.

Insiders Place Their Bets

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 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 represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AEP shares. Mizuho raised their target price on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Argus boosted their price target on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a report on Friday, February 13th. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, BMO Capital Markets lifted their price objective on shares of American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, February 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

About American Electric Power

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.