Everhart Financial Group Inc. Raises Stock Position in American Electric Power Company, Inc. $AEP

Everhart Financial Group Inc. raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 141.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,342 shares of the company’s stock after purchasing an additional 4,296 shares during the quarter. Everhart Financial Group Inc.’s holdings in American Electric Power were worth $847,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC acquired a new position in American Electric Power in the fourth quarter valued at approximately $237,000. Park National Corp OH grew its position in American Electric Power by 4.4% in the fourth quarter. Park National Corp OH now owns 12,403 shares of the company’s stock worth $1,430,000 after acquiring an additional 520 shares during the period. Park Avenue Securities LLC increased its stake in American Electric Power by 2.6% during the fourth quarter. Park Avenue Securities LLC now owns 35,189 shares of the company’s stock worth $4,058,000 after acquiring an additional 891 shares during the last quarter. Union Bancaire Privee UBP SA increased its stake in American Electric Power by 267.0% during the fourth quarter. Union Bancaire Privee UBP SA now owns 22,275 shares of the company’s stock worth $2,569,000 after acquiring an additional 16,205 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in American Electric Power by 11.1% in the fourth quarter. GAMMA Investing LLC now owns 28,745 shares of the company’s stock valued at $3,315,000 after purchasing an additional 2,872 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president owned 42,263 shares in the company, valued at $5,582,097.04. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares in the company, 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. Insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $125.66 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $135.00. The firm has a market cap of $68.30 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.96 and a beta of 0.61. The company’s 50 day moving average is $125.69 and its two-hundred day moving average is $119.28.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The company’s quarterly 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. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a dividend of $0.95 per share. 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 payout ratio is presently 56.72%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AEP. TD Cowen upped their price target on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research report on Friday, February 13th. Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Scotiabank upped their target price on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. Finally, Siebert Williams Shank initiated coverage on shares of American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.10.

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.