GC Wealth Management RIA LLC Sells 7,559 Shares of American Electric Power Company, Inc. $AEP

GC Wealth Management RIA LLC lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 58.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,414 shares of the company’s stock after selling 7,559 shares during the quarter. GC Wealth Management RIA LLC’s holdings in American Electric Power were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of American Electric Power by 43.0% in the 4th quarter. Bogart Wealth LLC now owns 2,823 shares of the company’s stock valued at $326,000 after buying an additional 849 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of American Electric Power by 16.4% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,379 shares of the company’s stock valued at $390,000 after buying an additional 475 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of American Electric Power by 2.5% in the 4th quarter. Keybank National Association OH now owns 50,632 shares of the company’s stock valued at $5,838,000 after buying an additional 1,249 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of American Electric Power by 2.0% in the 4th quarter. Wealthfront Advisers LLC now owns 118,183 shares of the company’s stock valued at $13,628,000 after buying an additional 2,290 shares in the last quarter. Finally, Wealthstar Advisors LLC boosted its holdings in shares of American Electric Power by 3.2% in the 4th quarter. Wealthstar Advisors LLC now owns 15,577 shares of the company’s stock valued at $1,796,000 after buying an additional 483 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore raised their price target on shares of American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Morgan Stanley lowered their price objective on American Electric Power from $137.00 to $136.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. The Goldman Sachs Group raised their price objective on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $138.18.

American Electric Power Stock Performance

Shares of AEP opened at $137.11 on Friday. The stock has a 50-day moving average of $132.54 and a two-hundred day moving average of $123.74. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $137.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The stock has a market cap of $74.53 billion, a P/E ratio of 20.46, a P/E/G ratio of 3.16 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 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 company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’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 predict that American Electric Power Company, Inc. will post 6.33 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, May 8th. American Electric Power’s payout ratio is presently 56.72%.

Insider Activity 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 that occurred on 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 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders own 0.05% of the company’s stock.

American Electric Power 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.