USA Financial Formulas Has $1.71 Million Stake in American Electric Power Company, Inc. $AEP

Key Points

• USA Financial Formulas boosted its stake in American Electric Power by 1,481.6% in Q4 to 14,788 shares worth $1.705 million, making AEP 0.3% of the fund's portfolio and its 23rd-largest holding.
• AEP beat quarter estimates (EPS $1.19 vs. $1.15 consensus; revenue $5.32B vs. $5.07B), set FY2026 guidance of 6.150–6.450 EPS, and carries a consensus "Moderate Buy" with an average target of $136.10.
• Two executive VPs (Phillip R. Ulrich and Kelly J. Ferneau) sold shares in February—reducing their stakes—and company insiders now own just 0.07% of AEP.

USA Financial Formulas grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1,481.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,788 shares of the company's stock after purchasing an additional 13,853 shares during the quarter. American Electric Power comprises 0.3% of USA Financial Formulas' portfolio, making the stock its 23rd biggest holding. USA Financial Formulas' holdings in American Electric Power were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC boosted its position in shares of American Electric Power by 0.3% in the third quarter. PFG Investments LLC now owns 24,823 shares of the company's stock valued at $2,793,000 after acquiring an additional 83 shares during the period. Strategic Advisors LLC increased its position in American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company's stock worth $2,993,000 after acquiring an additional 87 shares during the period. SBI Securities Co. Ltd. increased its position in American Electric Power by 16.2% during the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company's stock worth $71,000 after acquiring an additional 88 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in American Electric Power by 12.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company's stock valued at $82,000 after purchasing an additional 89 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA grew its position in American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company's stock worth $159,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The shares were 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 approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AEP shares. Scotiabank upped their price objective on shares of American Electric Power from $121.00 to $131.00 and gave the company a "sector perform" rating in a research report on Tuesday, December 16th. LADENBURG THALM/SH SH raised American Electric Power from a "neutral" rating to a "buy" rating and set a $148.00 target price on the stock in a research report on Wednesday, March 4th. TD Cowen upped their price target on American Electric Power from $137.00 to $141.00 and gave the company a "buy" rating in a report on Friday, February 20th. Williams Trading set a $137.00 price objective on American Electric Power in a research report on Thursday, December 18th. Finally, BMO Capital Markets lifted their price objective on American Electric Power from $125.00 to $136.00 and gave the stock a "market perform" rating in a report on Tuesday, February 17th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of "Moderate Buy" and an average target price of $136.10.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $130.10 on Friday. The firm has a market cap of $70.72 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 3.06 and a beta of 0.61. The firm's 50-day simple moving average is $126.76 and its 200-day simple moving average is $119.98. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $135.00. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 16.37% and a return on equity of 10.46%. 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 business posted $1.24 earnings per share. 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 fiscal year.

American Electric Power Announces Dividend

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 $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power's dividend payout ratio 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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.