Cyndeo Wealth Partners LLC Grows Stock Position in American Electric Power Company, Inc. $AEP

Cyndeo Wealth Partners LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 983.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,875 shares of the company’s stock after buying an additional 57,977 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in American Electric Power were worth $7,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of American Electric Power during the 3rd quarter worth $26,000. Meeder Asset Management Inc. bought a new stake in American Electric Power in the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its holdings in American Electric Power by 330.2% during 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 during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in American Electric Power during the third quarter valued at about $29,000. Finally, Osterweis Capital Management Inc. boosted its position in American Electric Power by 3,000.0% during the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AEP shares. Wells Fargo & Company lifted their target price on shares of American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. TD Cowen upped their price target on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Scotiabank raised their price objective on shares of American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 16th. Williams Trading set a $137.00 price objective on shares of American Electric Power in a research note on Thursday, December 18th. Finally, Mizuho boosted their target price on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $136.10.

American Electric Power Trading Down 2.4%

Shares of AEP opened at $125.66 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $135.00. The stock has a market cap of $68.30 billion, a PE ratio of 18.76, a P/E/G ratio of 2.96 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The business’s 50-day moving average price is $125.69 and its 200-day moving average price is $119.28.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. American Electric Power’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

Insiders Place Their Bets

In related news, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This 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.