SpringVest Wealth Management LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 48.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,177 shares of the company's stock after purchasing an additional 16,698 shares during the quarter. American Electric Power comprises 4.1% of SpringVest Wealth Management LLC's holdings, making the stock its 8th biggest position. SpringVest Wealth Management LLC's holdings in American Electric Power were worth $5,901,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AEP. Brighton Jones LLC lifted its stake in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after acquiring an additional 1,095 shares in the last quarter. Acadian Asset Management LLC bought a new stake in American Electric Power in the 1st quarter valued at approximately $320,000. Sivia Capital Partners LLC lifted its stake in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company's stock valued at $507,000 after acquiring an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company's stock valued at $260,000 after acquiring an additional 105 shares in the last quarter. Finally, Ossiam lifted its stake in American Electric Power by 2,374.0% in the 2nd quarter. Ossiam now owns 2,573 shares of the company's stock valued at $267,000 after acquiring an additional 2,469 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have commented on AEP. The Goldman Sachs Group boosted 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. TD Cowen boosted their target price 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. Evercore boosted their target price on American Electric Power from $137.00 to $153.00 and gave the company an "outperform" rating in a research note on Thursday, March 5th. Williams Trading set a $137.00 target price on American Electric Power in a research note on Thursday, December 18th. Finally, Scotiabank boosted their target price on American Electric Power from $121.00 to $131.00 and gave the company a "sector perform" rating in a research note on Tuesday, December 16th. Thirteen investment 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 a consensus rating of "Moderate Buy" and an average price target of $136.10.
View Our Latest Analysis on American Electric Power
American Electric Power Stock Down 0.6%
AEP opened at $136.30 on Friday. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $137.74. The stock's fifty day simple moving average is $129.66 and its 200 day simple moving average is $121.67. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock has a market cap of $74.09 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.23 and a beta of 0.58.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued 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. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company's revenue for the quarter 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 earnings per share for the current year.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power's dividend payout ratio is currently 56.72%.
Insiders Place Their Bets
In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the company'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 transaction, the executive vice president directly owned 15,410 shares of the company's stock, valued at $2,025,798.60. This represents a 8.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the transaction, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.05% of the company's stock.
American Electric Power Company Profile
(
Free Report)
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.
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