American Electric Power Company, Inc. $AEP Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,912 shares of the company’s stock after purchasing an additional 5,204 shares during the quarter. TrueMark Investments LLC’s holdings in American Electric Power were worth $6,908,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AEP. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the 3rd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in American Electric Power during the third quarter worth approximately $26,000. Dogwood Wealth Management LLC lifted its stake in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after buying an additional 175 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of American Electric Power in the third quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $32,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Mizuho lifted their target price on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. 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. Williams Trading set a $137.00 target price on shares of American Electric Power in a report on Thursday, December 18th. Finally, Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $136.10.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction that occurred 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 sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at $2,025,798.60. This represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $130.10 on Monday. The company has a market cap of $70.72 billion, a P/E ratio of 19.42, a PEG ratio of 3.06 and a beta of 0.61. 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 one year low of $97.46 and a one year high of $135.00. The firm has a fifty day moving average of $126.76 and a two-hundred day moving average of $120.07.

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

American Electric Power Announces Dividend

The firm 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 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is currently 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.