MBL Wealth LLC Buys New Position in American Electric Power Company, Inc. $AEP

MBL Wealth LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 3,767 shares of the company’s stock, valued at approximately $434,000.

Several other hedge funds have also modified their holdings of AEP. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power during the 3rd quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of American Electric Power during the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC raised its holdings in shares of American Electric Power by 330.2% during the 3rd 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 period. Measured Wealth Private Client Group LLC purchased a new stake in shares of American Electric Power during the 3rd quarter valued at about $29,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of American Electric Power during the 4th quarter valued at about $32,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Evercore raised their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Mizuho lifted their price objective on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, TD Cowen lifted their price objective on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.10.

American Electric Power Price Performance

AEP stock opened at $134.71 on Thursday. 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 Company, Inc. has a 52-week low of $97.46 and a 52-week high of $135.00. The stock’s 50 day moving average is $128.97 and its two-hundred day moving average is $121.35. The company has a market capitalization of $73.22 billion, a PE ratio of 20.11, a P/E/G ratio of 3.12 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the business earned $1.24 EPS. American Electric Power’s revenue for the quarter 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. Analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

Insider Activity at American Electric Power

In other 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 completion of the transaction, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction that occurred 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 completion of the transaction, the executive vice president 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 position. The SEC filing for this sale provides additional information. 0.07% of the stock is currently owned by company insiders.

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.