Hohimer Wealth Management LLC Sells 6,763 Shares of American Electric Power Company, Inc. $AEP

Hohimer Wealth Management LLC lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,843 shares of the company’s stock after selling 6,763 shares during the quarter. Hohimer Wealth Management LLC’s holdings in American Electric Power were worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in American Electric Power in the third quarter worth $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 worth $26,000 after purchasing an additional 175 shares during the last quarter. Montag A & Associates Inc. boosted its position in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares during the period. Finally, Osterweis Capital Management Inc. boosted its position in American Electric Power by 3,000.0% during the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

NASDAQ:AEP opened at $132.10 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $120.36 and its 200 day simple moving average is $117.04. The stock has a market cap of $71.45 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.62. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $133.06.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s payout ratio is presently 56.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. BMO Capital Markets raised their target price on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Finally, Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and lowered their price target for the company from $131.00 to $122.00 in a report on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average price target of $131.28.

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s 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 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 corporate insiders.

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.