Cary Street Partners Financial LLC Boosts Stock Holdings in American Electric Power Company, Inc. $AEP

Cary Street Partners Financial LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,684 shares of the company’s stock after purchasing an additional 4,461 shares during the period. Cary Street Partners Financial LLC’s holdings in American Electric Power were worth $4,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares during the period. Optima Capital LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth about $26,000. Dogwood Wealth Management LLC boosted its stake in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew its position in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AEP shares. Evercore lifted their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Morgan Stanley dropped their price objective on American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. TD Cowen upped their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group increased their target price on American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

American Electric Power Stock Down 0.5%

AEP opened at $130.90 on Wednesday. The company has a market cap of $71.22 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The company has a 50-day moving average price of $131.92 and a 200 day moving average price of $125.17. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

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

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s payout ratio is currently 55.80%.

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.