American Electric Power Company, Inc. $AEP Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,218 shares of the company’s stock after selling 5,490 shares during the period. Calamos Advisors LLC’s holdings in American Electric Power were worth $15,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power during the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in American Electric Power during the 3rd quarter worth approximately $26,000. Dogwood Wealth Management LLC increased its holdings in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the last quarter. Optima Capital LLC purchased a new stake in American Electric Power during the 4th quarter worth approximately $26,000. Finally, Rakuten Securities Inc. increased its holdings in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 sale, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s 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 sale, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade 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 currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AEP shares. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Argus lifted their price objective on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays lifted their price objective on American Electric Power from $128.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company lifted their price objective on American Electric Power from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Finally, Evercore lifted their price objective on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.18.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $134.73 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $137.74. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $73.23 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The business has a 50 day simple moving average of $132.02 and a 200-day simple moving average of $123.28.

American Electric Power (NASDAQ:AEP) last issued 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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the business earned $1.24 EPS. The business’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. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 6.34 earnings per share for the current year.

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.