Elevation Point Wealth Partners LLC Acquires 23,247 Shares of American Electric Power Company, Inc. $AEP

Elevation Point Wealth Partners LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2,126.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,340 shares of the company’s stock after acquiring an additional 23,247 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in American Electric Power were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bollard Group LLC lifted its position in American Electric Power by 5.7% during the third quarter. Bollard Group LLC now owns 560,129 shares of the company’s stock valued at $63,014,000 after purchasing an additional 30,388 shares in the last quarter. Brevan Howard Capital Management LP increased its position in American Electric Power by 502.3% in the third quarter. Brevan Howard Capital Management LP now owns 34,758 shares of the company’s stock worth $3,910,000 after buying an additional 28,987 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in shares of American Electric Power by 12.9% in the third quarter. Chevy Chase Trust Holdings LLC now owns 1,179,427 shares of the company’s stock worth $132,686,000 after buying an additional 134,732 shares during the period. Community Bank N.A. raised its stake in shares of American Electric Power by 1.3% in the third quarter. Community Bank N.A. now owns 39,918 shares of the company’s stock worth $4,491,000 after buying an additional 513 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its position in shares of American Electric Power by 131.3% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 7,607 shares of the company’s stock valued at $856,000 after buying an additional 4,318 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 1.1%

Shares of AEP opened at $133.61 on Monday. The business’s 50 day moving average is $124.14 and its 200 day moving average is $118.64. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60. The company has a market capitalization of $72.54 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share 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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the company posted $1.24 EPS. The firm’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. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio is currently 56.72%.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent research reports. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. The Goldman Sachs Group upped their price target on shares of American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Wednesday, March 4th. Finally, Williams Trading set a $137.00 price objective on shares of American Electric Power in a research report on Thursday, December 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.90.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. The trade was a 8.06% decrease in their position. The sale was disclosed in a document filed 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 dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, 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. Company insiders own 0.07% of the company’s stock.

American Electric Power 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.