Polaris Financial Partners Buys 23,992 Shares of American Electric Power Company, Inc. $AEP

Polaris Financial Partners bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,992 shares of the company’s stock, valued at approximately $2,872,000. American Electric Power makes up approximately 1.3% of Polaris Financial Partners’ investment portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Essex Financial Services Inc. grew its holdings in shares of American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after buying an additional 75 shares in the last quarter. Cornerstone Advisory LLC lifted its stake in American Electric Power by 1.3% in the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after acquiring an additional 75 shares in the last quarter. Financial Enhancement Group LLC boosted its position in American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after acquiring an additional 76 shares during the period. Community Trust & Investment Co. boosted its position in American Electric Power by 1.7% during the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock worth $647,000 after acquiring an additional 77 shares during the period. Finally, J2 Capital Management Inc increased its holdings in shares of American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

American Electric Power Stock Down 0.2%

AEP stock traded down $0.18 during trading hours on Friday, hitting $119.57. The company’s stock had a trading volume of 5,539,001 shares, compared to its average volume of 4,018,776. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $65.09 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58. The stock has a 50 day moving average price of $123.95 and a two-hundred day moving average price of $129.11.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts expect that American Electric Power Company, Inc. will post 6.38 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power’s dividend payout ratio is presently 65.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating on shares of American Electric Power in a research report on Monday, September 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Citigroup cut their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Mizuho decreased their target price on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Barclays lowered their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.62.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.