HBW Advisory Services LLC Sells 9,045 Shares of American Electric Power Company, Inc. $AEP

HBW Advisory Services LLC cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 35.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,516 shares of the company’s stock after selling 9,045 shares during the period. HBW Advisory Services LLC’s holdings in American Electric Power were worth $1,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Victory Capital Management Inc. boosted its stake in 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 valued at $595,243,000 after acquiring an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP boosted its stake in American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after acquiring an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in American Electric Power by 357.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after acquiring an additional 1,529,662 shares during the last quarter. AQR Capital Management LLC boosted its stake in American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares during the period. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power 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 sale, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power 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 sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. 0.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of American Electric Power from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Friday, February 13th. Bank of America cut shares of American Electric Power from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. BMO Capital Markets lifted their price target on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Finally, TD Cowen lifted their price target on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Thirteen research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.10.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $136.30 on Monday. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $137.74. 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 company’s fifty day simple moving average is $129.66 and its 200 day simple moving average is $121.85. The firm has a market cap of $74.09 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.21 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the business earned $1.24 EPS. The company’s 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, research analysts forecast 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. This represents a $3.80 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s payout ratio is presently 56.72%.

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.