American Electric Power Company, Inc. $AEP Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 27.7% during the 4th quarter, Holdings Channel reports. The fund owned 39,265 shares of the company’s stock after acquiring an additional 8,514 shares during the quarter. Allworth Financial LP’s holdings in American Electric Power were worth $4,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in AEP. Czech National Bank boosted its stake in shares of American Electric Power by 3.9% during the 4th 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after purchasing an additional 8,302 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in American Electric Power by 462.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after purchasing an additional 43,533 shares during the last quarter. GF Fund Management CO. LTD. lifted its stake in American Electric Power by 7.4% in the 4th quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock valued at $13,171,000 after purchasing an additional 7,833 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its stake in American Electric Power by 983.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after purchasing an additional 57,977 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEP has been the subject of several research reports. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Wednesday, March 4th. Argus raised their target price on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Citigroup raised their target price on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Mizuho raised their target price on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Barclays raised their target price on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.57.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction 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 SEC filing for this sale provides additional information. 0.05% of the stock is owned by corporate insiders.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $125.15 on Friday. The company’s 50 day simple moving average is $132.24 and its 200 day simple moving average is $124.62. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid 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 is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

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.