17,125 Shares in American Electric Power Company, Inc. $AEP Acquired by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,125 shares of the company’s stock, valued at approximately $2,245,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Activest Wealth Management grew its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Optima Capital LLC bought a new stake in American Electric Power during the 4th quarter valued at $26,000. Rakuten Securities Inc. raised its holdings in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. Costello Asset Management INC raised its holdings in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEP shares. LADENBURG THALM/SH SH cut their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Morgan Stanley increased their target price on shares of American Electric Power from $129.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Scotiabank raised their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Truist Financial boosted their price target on American Electric Power from $145.00 to $146.00 and gave the company a “buy” rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $141.52.

American Electric Power Stock Performance

NASDAQ:AEP opened at $132.14 on Friday. The stock has a market cap of $71.90 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The firm’s fifty day simple moving average is $131.28 and its 200 day simple moving average is $128.62. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s payout ratio is currently 55.80%.

About American Electric Power

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.