American Electric Power Company, Inc. $AEP Holdings Raised by Welch Group LLC

Welch Group LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 3,868.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 325,185 shares of the company’s stock after acquiring an additional 316,991 shares during the quarter. Welch Group LLC’s holdings in American Electric Power were worth $37,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AEP. Harbor Capital Advisors Inc. bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $26,000. Dogwood Wealth Management LLC increased its holdings in shares of American Electric Power by 330.2% in the 3rd 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 last quarter. Optima Capital LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $26,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $29,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Wolfe Research upgraded 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. Wells Fargo & Company boosted their price objective on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. 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, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $136.81.

American Electric Power Trading Up 0.1%

Shares of AEP stock opened at $134.56 on Friday. 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 Company, Inc. has a 1 year low of $97.46 and a 1 year high of $137.74. The stock has a fifty day moving average of $130.85 and a two-hundred day moving average of $122.39. The firm has a market capitalization of $73.14 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is currently 56.72%.

Insiders Place Their Bets

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. This represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is currently 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.