Hollow Brook Wealth Management LLC Sells 4,014 Shares of American Electric Power Company, Inc. $AEP

Hollow Brook Wealth Management LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,989 shares of the company’s stock after selling 4,014 shares during the quarter. American Electric Power makes up about 1.7% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 15th largest position. Hollow Brook Wealth Management LLC’s holdings in American Electric Power were worth $6,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AEP. Activest Wealth Management lifted its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Dogwood Wealth Management LLC lifted its holdings in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares in the last quarter. Optima Capital LLC bought a new position in shares of American Electric Power in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its holdings in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $129.31 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The business has a fifty day simple moving average of $131.21 and a two-hundred day simple moving average of $125.75. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The company has a market capitalization of $70.36 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.58 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the business posted $1.54 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AEP shares. Morgan Stanley dropped their target price on American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research report on Friday, May 8th. Wells Fargo & Company increased their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Argus increased their price target on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price target on shares of American Electric Power in a research report on Friday, February 20th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.10.

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.