Alpha Omega Wealth Management LLC Lowers Holdings in American Electric Power Company, Inc. $AEP

Alpha Omega Wealth Management LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 33,965 shares of the company’s stock after selling 4,179 shares during the period. Alpha Omega Wealth Management LLC’s holdings in American Electric Power were worth $3,916,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AEP. Czech National Bank boosted its position in shares of American Electric Power by 3.9% during the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after buying an additional 5,314 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of American Electric Power by 462.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after buying an additional 43,533 shares during the period. Benjamin Edwards Inc. boosted its position in shares of American Electric Power by 228.6% during the third quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock worth $5,812,000 after buying an additional 35,938 shares during the period. CWM LLC boosted its holdings in American Electric Power by 807.5% in the third quarter. CWM LLC now owns 263,751 shares of the company’s stock valued at $29,672,000 after purchasing an additional 234,689 shares during the period. Finally, Community Financial Services Group LLC purchased a new position in American Electric Power in the third quarter valued at $4,379,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 1.8%

American Electric Power stock opened at $137.15 on Friday. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $137.74. 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 stock has a market cap of $74.55 billion, a PE ratio of 20.47, a P/E/G ratio of 3.17 and a beta of 0.58. The stock’s fifty day moving average is $129.33 and its two-hundred day moving average is $121.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results 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. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the firm earned $1.24 earnings per share. 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. On average, sell-side analysts expect 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 paid a $0.95 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is currently 56.72%.

Insiders Place Their Bets

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction on 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 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. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AEP shares. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 target price on shares of American Electric Power in a report on Friday, February 20th. UBS Group lifted their target price on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price for the company in a report on Wednesday, March 4th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a report on Friday, February 13th. Finally, Evercore lifted their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $136.10.

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.