American Electric Power Company, Inc. $AEP Shares Sold by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,640 shares of the company’s stock after selling 4,012 shares during the quarter. American Electric Power comprises about 1.1% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Hollow Brook Wealth Management LLC’s holdings in American Electric Power were worth $6,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of American Electric Power in the second quarter worth about $6,980,601,000. Bank of America Corp DE acquired a new stake in shares of American Electric Power in the second quarter valued at about $1,678,638,000. GQG Partners LLC purchased a new stake in shares of American Electric Power during the 2nd quarter valued at about $1,404,094,000. Legal & General Group Plc purchased a new stake in shares of American Electric Power during the 2nd quarter valued at about $680,638,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Electric Power during the 2nd quarter valued at about $495,495,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Key American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AEP shares. JPMorgan Chase & Co. reduced their price target on American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Jefferies Financial Group lowered their price objective on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Scotiabank dropped their price objective on shares of American Electric Power from $140.00 to $131.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, TD Cowen reissued a “buy” rating on shares of American Electric Power in a research report on Wednesday, September 9th. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

American Electric Power Stock Performance

Shares of AEP stock opened at $130.21 on Monday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.40 and a current ratio of 0.51. American Electric Power Company, Inc. has a one year low of $112.54 and a one year high of $140.58. The company’s 50-day simple moving average is $123.35 and its 200-day simple moving average is $127.93. The stock has a market capitalization of $70.90 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.68 and a beta of 0.46.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.19. The firm had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.55 billion. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. American Electric Power’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 6.41 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. American Electric Power’s dividend payout ratio (DPR) is 61.39%.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.