American Electric Power Company, Inc. $AEP Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 47.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,242 shares of the company’s stock after selling 4,641 shares during the period. Mather Group LLC.’s holdings in American Electric Power were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEP. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the third quarter worth approximately $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 increased its position in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in American Electric Power during the third quarter worth approximately $29,000. Finally, Beacon Financial Strategies CORP purchased a new position in American Electric Power during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $130.10 on Friday. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $135.00. The firm has a fifty day moving average of $126.76 and a 200-day moving average of $119.98. The firm has a market capitalization 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 quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last posted 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 analyst estimates of $5.07 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The business’s quarterly revenue 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, analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s payout ratio is currently 56.72%.

Insider Activity

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value 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 $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction dated Tuesday, February 24th. The shares were 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 owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AEP. Bank of America cut shares of American Electric Power from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $131.00 to $122.00 in a research note on Monday, January 12th. Argus increased their target price on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. Finally, BMO Capital Markets upped their price target on American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.10.

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.