IFP Advisors Inc Acquires 6,846 Shares of American Electric Power Company, Inc. $AEP

IFP Advisors Inc increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 117.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,689 shares of the company’s stock after acquiring an additional 6,846 shares during the period. IFP Advisors Inc’s holdings in American Electric Power were worth $1,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in American Electric Power by 1.4% in the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock worth $3,253,827,000 after purchasing an additional 406,445 shares in the last quarter. Invesco Ltd. grew its holdings in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after buying an additional 432,441 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of American Electric Power by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after buying an additional 1,285,279 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of American Electric Power by 105.6% during the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after buying an additional 2,763,328 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of American Electric Power by 8.0% in the third quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock worth $587,683,000 after buying an additional 388,540 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AEP. Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Argus boosted their price target on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. The Goldman Sachs Group increased their price objective on shares of American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 13th. Morgan Stanley raised their price objective on American Electric Power from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

American Electric Power Trading Down 2.4%

Shares of AEP opened at $125.66 on Monday. The company’s fifty day moving average is $125.69 and its 200 day moving average is $119.34. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $135.00. The stock has a market capitalization of $68.30 billion, a PE ratio of 18.76, a P/E/G ratio of 2.95 and a beta of 0.61. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45.

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 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 analyst estimates of $5.07 billion. During the same quarter last year, the business earned $1.24 earnings per share. American Electric Power’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. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio is currently 56.72%.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the transaction, the executive vice president owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is currently owned by company insiders.

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.