PKO Investment Management Joint Stock Co Sells 4,300 Shares of American Electric Power Company, Inc. $AEP

PKO Investment Management Joint Stock Co decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 28.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,000 shares of the company’s stock after selling 4,300 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in American Electric Power were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% during the 4th 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. Rakuten Securities Inc. lifted its holdings in American Electric Power by 7,300.0% during the 4th 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. Optima Capital LLC purchased a new stake in American Electric Power during the 4th quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in American Electric Power during the 3rd quarter worth about $26,000. Finally, Dogwood Wealth Management LLC lifted its holdings in 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 purchasing an additional 175 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $136.91 on Monday. The business’s 50-day moving average price is $132.54 and its two-hundred day moving average price is $123.83. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $138.49. The stock has a market cap of $74.42 billion, a P/E ratio of 20.43, a PEG ratio of 3.22 and a beta of 0.56. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last released its quarterly 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 return on equity of 10.46% and a net margin of 16.37%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 6.33 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. Truist Financial initiated coverage on American Electric Power in a report on Tuesday, April 21st. They set a “buy” rating and a $148.00 price objective on the stock. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective on the stock in a report on Wednesday, March 4th. BMO Capital Markets dropped their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. TD Cowen increased their price objective on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Mizuho increased their price objective on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.18.

Insider Activity

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

American Electric Power Company 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.