Cyndeo Wealth Partners LLC Has $7.37 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Cyndeo Wealth Partners LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 983.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,875 shares of the company’s stock after buying an additional 57,977 shares during the period. Cyndeo Wealth Partners LLC’s holdings in American Electric Power were worth $7,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its position in American Electric Power by 1.4% in the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after acquiring an additional 406,445 shares in the last quarter. Invesco Ltd. increased its holdings in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in American Electric Power by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after purchasing an additional 1,285,279 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of American Electric Power by 8.0% in the third quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock worth $587,683,000 after purchasing an additional 388,540 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP stock opened at $125.66 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The firm has a market cap of $68.30 billion, a PE ratio of 18.76, a P/E/G ratio of 2.96 and a beta of 0.61. The business has a 50 day moving average of $125.69 and a 200-day moving average of $119.28. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $135.00.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company posted $1.24 earnings per share. American Electric Power’s quarterly revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, sell-side analysts expect 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 declared 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 3.0%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is 56.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEP. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 20th. UBS Group increased their price target on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. The Goldman Sachs Group raised their price objective on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Bank of America downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Finally, Morgan Stanley upped their target price on shares of American Electric Power from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.10.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction 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 SEC filing for this sale provides additional information. 0.07% of the stock is currently owned by insiders.

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.