American Electric Power Company, Inc. $AEP Shares Bought by RIA Advisory Group LLC

RIA Advisory Group LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 54.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,500 shares of the company’s stock after acquiring an additional 4,394 shares during the quarter. RIA Advisory Group LLC’s holdings in American Electric Power were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AEP. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power in the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in American Electric Power in the 3rd quarter valued at approximately $26,000. Dogwood Wealth Management LLC increased its holdings in American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in American Electric Power in the third quarter valued at approximately $29,000. Finally, Osterweis Capital Management Inc. raised its position in American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $130.97 on Thursday. The stock’s 50-day moving average is $125.26 and its two-hundred day moving average is $119.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $135.00. The company has a market cap of $71.11 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data 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 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 analysts’ expectations of $5.07 billion. During the same quarter last year, the business posted $1.24 EPS. The business’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. Analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BMO Capital Markets raised their price target on 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. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price objective on shares of American Electric Power in a report on Friday, February 20th. Barclays increased their target price on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Wells Fargo & Company raised their target price on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Evercore lifted their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.90.

Insider Buying and Selling

In related news, 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 value of $542,320.48. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is owned by insiders.

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.