American Electric Power Company, Inc. $AEP Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 69.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,866 shares of the company’s stock after selling 6,460 shares during the period. Ameritas Advisory Services LLC’s holdings in American Electric Power were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AEP. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the 3rd quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in American Electric Power in the 3rd quarter worth about $26,000. Advantage Trust Co grew its position in American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. increased its stake in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after purchasing an additional 176 shares during the period. Finally, GoalVest Advisory LLC raised its holdings in shares of American Electric Power by 277.1% during the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after buying an additional 230 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $129.94 on Tuesday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $130.07. 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 firm has a 50-day moving average of $117.86 and a two-hundred day moving average of $116.14. The company has a market capitalization of $70.28 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.10 and a beta of 0.62.

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, topping the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’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, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, February 10th. American Electric Power’s dividend payout ratio is 56.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Mizuho boosted their price target on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company increased their price target on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday. BTIG Research assumed coverage on American Electric Power in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, BMO Capital Markets lifted their price objective on shares of American Electric Power from $123.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.28.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

About American Electric Power

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.