American Electric Power Company, Inc. $AEP Shares Bought by RIA Advisory Group LLC

RIA Advisory Group LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 54.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the company’s stock after purchasing an additional 4,394 shares during the quarter. RIA Advisory Group LLC’s holdings in American Electric Power were worth $1,406,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power in the 3rd quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in American Electric Power during the third quarter valued at $26,000. Dogwood Wealth Management LLC lifted its holdings in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of American Electric Power in the third quarter valued at about $29,000. Finally, Osterweis Capital Management Inc. grew its position in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEP has been the subject of several research analyst reports. Argus upped their price target on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective 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 research note on Wednesday, January 21st. Barclays increased their target price on American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Finally, UBS Group raised their target price on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.90.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the 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 directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly 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. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 2.0%

Shares of AEP opened at $130.97 on Thursday. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $135.00. The firm has a market capitalization of $71.11 billion, a P/E ratio of 19.55, a P/E/G ratio of 3.14 and a beta of 0.61. The firm has a 50-day moving average price of $125.26 and a 200 day moving average price of $119.04. 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 (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 company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the business posted $1.24 EPS. American Electric Power’s 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. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

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

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.