4,408 Shares in American Electric Power Company, Inc. $AEP Acquired by Spectrum Strategic Capital Management LLC

Spectrum Strategic Capital Management LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,408 shares of the company’s stock, valued at approximately $508,000.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management increased its position in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Dogwood Wealth Management LLC increased its position in shares of American Electric Power by 330.2% during 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 in the last quarter. Optima Capital LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. increased its position in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. Mizuho upped their price target on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Barclays upped their price target on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Scotiabank upped their price target on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Finally, TD Cowen upped their price target on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.57.

Insider Activity at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the 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 directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. This represents a 8.06% 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 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 owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.05% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $125.15 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The business has a 50 day simple moving average of $132.24 and a 200-day simple moving average of $124.68. The firm has a market capitalization of $68.09 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio is presently 55.80%.

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.