W.G. Shaheen & Associates DBA Whitney & Co Raises Stock Position in American Electric Power Company, Inc. $AEP

W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 138.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,770 shares of the company’s stock after buying an additional 7,420 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in American Electric Power were worth $1,473,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after acquiring an additional 828,588 shares during the period. State Street Corp increased its stake in American Electric Power by 1.4% in the 3rd quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after buying an additional 406,445 shares during the period. Ameriprise Financial Inc. increased its stake in American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after buying an additional 1,285,279 shares during the period. Victory Capital Management Inc. increased its stake in American Electric Power by 105.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after buying an additional 2,763,328 shares during the period. Finally, Alliancebernstein L.P. increased its stake in American Electric Power by 8.0% in the 3rd quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock valued at $587,683,000 after buying an additional 388,540 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.8%

Shares of AEP stock opened at $134.44 on Thursday. The firm has a market cap of $73.08 billion, a P/E ratio of 20.07, a PEG ratio of 3.17 and a beta of 0.58. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $137.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The firm’s 50-day simple moving average is $132.37 and its 200-day simple moving average is $123.65.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate 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 revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.33 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio is 56.72%.

Insider Buying and Selling

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on AEP. Morgan Stanley dropped their price objective on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Raymond James Financial boosted their price objective on shares of American Electric Power from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $139.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Wolfe Research raised shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.18.

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.