Leo Wealth LLC Has $1.46 Million Position in American Electric Power Company, Inc. $AEP

Leo Wealth LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,660 shares of the company’s stock after acquiring an additional 3,894 shares during the quarter. Leo Wealth LLC’s holdings in American Electric Power were worth $1,460,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AEP. Victory Capital Management Inc. raised its stake in 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 worth $595,243,000 after acquiring an additional 2,763,328 shares in the last quarter. Soroban Capital Partners LP raised its stake in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after acquiring an additional 1,529,662 shares in the last quarter. AQR Capital Management LLC raised its stake in American Electric Power by 118.2% during the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after acquiring an additional 1,400,547 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of American Electric Power by 26.8% in 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 in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AEP shares. Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the company from $131.00 to $122.00 in a research note on Monday, January 12th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group raised their target price on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 13th. BMO Capital Markets raised their target price on American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price target on shares of American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.10.

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 sale, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value 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. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is owned by company insiders.

American Electric Power Price Performance

Shares of AEP stock opened at $132.36 on Tuesday. The stock has a 50-day moving average price of $128.39 and a 200 day moving average price of $121.08. 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 firm has a market cap of $71.95 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.12 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $135.00.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

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.