Hohimer Wealth Management LLC Reduces Stock Holdings in American Electric Power Company, Inc. $AEP

Hohimer Wealth Management LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,843 shares of the company’s stock after selling 6,763 shares during the period. Hohimer Wealth Management LLC’s holdings in American Electric Power were worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AEP. Harbor Capital Advisors Inc. purchased a new position in shares of American Electric Power during the 3rd quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in American Electric Power in the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its holdings in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Montag A & Associates Inc. boosted its position in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the period. Finally, Osterweis Capital Management Inc. increased its stake in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

NASDAQ:AEP opened at $132.10 on Friday. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $133.06. The stock has a fifty day moving average of $120.36 and a 200 day moving average of $117.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market capitalization of $71.45 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 3.11 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s payout ratio is presently 56.72%.

Analyst Ratings Changes

A number of brokerages recently commented on AEP. Siebert Williams Shank began coverage on shares of American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 price target on the stock. TD Cowen increased their target price on American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Barclays lifted their price target on American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Evercore reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Finally, Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus price target of $131.28.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by insiders.

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.