MBL Wealth LLC Invests $434,000 in American Electric Power Company, Inc. $AEP

MBL Wealth LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,767 shares of the company’s stock, valued at approximately $434,000.

Several other hedge funds also recently made changes to their positions in AEP. PFG Investments LLC raised its stake in shares of American Electric Power by 0.3% in the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after purchasing an additional 83 shares during the period. Strategic Advisors LLC raised its stake in shares of American Electric Power by 0.3% in the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after purchasing an additional 87 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of American Electric Power by 16.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after purchasing an additional 88 shares during the period. LFA Lugano Financial Advisors SA raised its stake in shares of American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock valued at $159,000 after purchasing an additional 90 shares during the period. Finally, Trueblood Wealth Management LLC raised its stake in shares of American Electric Power by 1.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 6,937 shares of the company’s stock valued at $800,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares in the company, 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 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 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 transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Argus lifted their price target on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Mizuho lifted their price target on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a report on Friday, February 13th. Wells Fargo & Company raised their price objective 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, Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a report on Friday, February 20th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

American Electric Power Trading Up 1.3%

Shares of AEP stock opened at $134.71 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock has a market cap of $73.22 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. The stock has a 50 day simple moving average of $128.97 and a 200 day simple moving average of $121.35. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $135.00.

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. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s payout ratio is 56.72%.

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.