BIP Wealth LLC Buys New Shares in American Electric Power Company, Inc. $AEP

BIP Wealth LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,401 shares of the company’s stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Harbor Capital Advisors Inc. acquired a new position in American Electric Power in the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power during the 3rd quarter worth approximately $26,000. Dogwood Wealth Management LLC increased its position in shares of American Electric Power by 330.2% during 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. Measured Wealth Private Client Group LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of American Electric Power in the fourth quarter valued at $32,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of AEP stock opened at $137.15 on Friday. The stock’s fifty day simple moving average is $129.33 and its 200 day simple moving average is $121.46. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $137.74. The firm has a market cap of $74.55 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 3.17 and a beta of 0.58. 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 issued its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the business earned $1.24 earnings per share. The business’s 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, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared 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. This represents a $3.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 56.72%.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction that occurred 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 transaction, the executive vice president owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 42,263 shares in the company, valued at $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. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

AEP has been the subject of several research reports. Wells Fargo & Company raised their target price on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Barclays increased their price objective on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $125.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average 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.