Axxcess Wealth Management LLC Purchases 87,498 Shares of American Electric Power Company, Inc. $AEP

Axxcess Wealth Management LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 214.9% in the 4th quarter, Holdings Channel reports. The firm owned 128,208 shares of the company’s stock after acquiring an additional 87,498 shares during the quarter. Axxcess Wealth Management LLC’s holdings in American Electric Power were worth $14,784,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Financial Services LLC grew its position in shares of American Electric Power by 1.3% during the 4th quarter. Commonwealth Financial Services LLC now owns 19,398 shares of the company’s stock worth $2,237,000 after buying an additional 241 shares during the period. Intellus Advisors LLC acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $150,000. FourThought Financial Partners LLC grew its position in shares of American Electric Power by 15.9% during the 4th quarter. FourThought Financial Partners LLC now owns 3,864 shares of the company’s stock worth $446,000 after buying an additional 531 shares during the period. Global Retirement Partners LLC grew its position in shares of American Electric Power by 71.9% during the 4th quarter. Global Retirement Partners LLC now owns 21,693 shares of the company’s stock worth $2,501,000 after buying an additional 9,075 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC grew its position in shares of American Electric Power by 4.1% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock worth $251,000 after buying an additional 85 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.5%

Shares of American Electric Power stock opened at $131.59 on Friday. The stock’s 50-day simple moving average is $131.99 and its 200 day simple moving average is $124.98. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The stock has a market capitalization of $71.60 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio is currently 55.80%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore raised their price objective on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Barclays raised their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Activity at American Electric Power

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction 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. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’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 completion of the sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. The trade was a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is owned by corporate 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.