5,658 Shares in American Electric Power Company, Inc. $AEP Purchased by Retireful LLC

Retireful LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, Holdings Channel reports. The fund bought 5,658 shares of the company’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power in the 3rd quarter worth approximately $26,000. Dogwood Wealth Management LLC increased its stake in shares of 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 acquiring an additional 175 shares during the period. Harbor Capital Advisors Inc. bought a new stake in American Electric Power during the third quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in American Electric Power during the third quarter worth approximately $29,000. Finally, Beacon Financial Strategies CORP acquired a new stake in American Electric Power in the fourth quarter worth approximately $32,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.5%

American Electric Power stock opened at $131.67 on Thursday. The firm has a market cap of $71.57 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.58. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $135.00. The firm’s 50 day moving average price is $127.47 and its two-hundred day moving average price is $120.45. 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 announced 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 the consensus estimate 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 quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, research analysts predict 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. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s dividend payout ratio is currently 56.72%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research reports. TD Cowen increased 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. Siebert Williams Shank started coverage on American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective for the company. LADENBURG THALM/SH SH raised 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. Barclays lifted their target price on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of American Electric Power in a research report on Friday, February 20th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.10.

Insiders Place Their Bets

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 transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s 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 sale, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.07% of the company’s stock.

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.