Hollow Brook Wealth Management LLC Sells 4,012 Shares of American Electric Power Company, Inc. $AEP

Hollow Brook Wealth Management LLC reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,640 shares of the company’s stock after selling 4,012 shares during the period. American Electric Power accounts for about 1.1% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Hollow Brook Wealth Management LLC’s holdings in American Electric Power were worth $6,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. purchased a new position in American Electric Power during the second quarter worth about $6,980,601,000. Wellington Management Group LLP grew its holdings in American Electric Power by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock valued at $1,897,829,000 after buying an additional 715,613 shares during the period. Bank of America Corp DE purchased a new stake in American Electric Power in the 2nd quarter valued at about $1,678,638,000. GQG Partners LLC acquired a new position in shares of American Electric Power during the 2nd quarter valued at about $1,404,094,000. Finally, Legal & General Group Plc acquired a new position in shares of American Electric Power during the 2nd quarter valued at about $680,638,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $130.21 on Monday. The firm has a market capitalization of $70.90 billion, a PE ratio of 21.04, a P/E/G ratio of 2.68 and a beta of 0.46. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.40. The business has a 50-day moving average of $123.35 and a two-hundred day moving average of $127.93. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.55 billion. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $1.80 EPS. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.41 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a dividend of $0.97 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. American Electric Power’s dividend payout ratio is currently 61.39%.

Insider Buying and Selling

In related news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Key Headlines Impacting American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP reported third-quarter earnings of $2.23 per share, above the $2.04 analyst consensus, while revenue reached $6.83 billion versus expectations of $6.55 billion. Revenue increased 13.7% year over year. AEP Third-Quarter Earnings Results
• Positive Sentiment: The utility raised its long-term operating earnings growth outlook to 9%-11% annually for 2027-2031, backed by a five-year capital plan totaling approximately $100 billion. AEP Growth Outlook and Capital Plan
• Positive Sentiment: AEP is increasing planned investment in generation and transmission by 30% to capitalize on large-load growth, including data-center demand. Management cited 84 gigawatts of contracted load, improving visibility into future electricity sales. AEP Investment Plan Increase
• Positive Sentiment: Analysts responded favorably: Wells Fargo raised its price target to $149 with an overweight rating, while BMO Capital increased its target to $137. Jacobs was also selected to advance AEP’s transmission modernization program. Wells Fargo AEP Rating
• Neutral Sentiment: West Virginia’s push to attract data centers could create additional demand for AEP’s power-generation and transmission assets, although the broader regulatory and political debate around data centers remains a consideration. West Virginia Data-Center Development
• Negative Sentiment: Despite the earnings beat, coverage noted tighter margins, and Mizuho maintained a neutral rating. The scale of AEP’s capital program also increases financing, execution and regulatory risks. AEP Margins and Earnings Reaction

Analyst Ratings Changes

Several brokerages have recently weighed in on AEP. JPMorgan Chase & Co. cut their price objective on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Jefferies Financial Group lowered their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. UBS Group set a $135.00 price target on shares of American Electric Power in a research report on Monday, October 19th. Finally, Morgan Stanley increased their price target on shares of American Electric Power from $128.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average price target of $139.00.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.