Tounjian Advisory Partners LLC Sells 4,228 Shares of American Electric Power Company, Inc. $AEP

Tounjian Advisory Partners LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 29.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,270 shares of the company’s stock after selling 4,228 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in American Electric Power were worth $1,155,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of American Electric Power during the third quarter valued at about $26,000. Dogwood Wealth Management LLC raised its position in American Electric Power by 330.2% during the 3rd 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. Harbor Capital Advisors Inc. bought a new position in shares of American Electric Power during the third quarter valued at approximately $26,000. Montag A & Associates Inc. lifted its stake in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the period. Finally, Osterweis Capital Management Inc. lifted its stake in 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 acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AEP shares. The Goldman Sachs Group boosted their price objective on shares of American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Siebert Williams Shank initiated coverage on shares of American Electric Power in a research note on Thursday, December 18th. They issued a “buy” rating and a $137.00 price target for the company. Mizuho raised their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.53.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $133.82 on Friday. The business has a fifty day moving average price of $120.75 and a 200-day moving average price of $117.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The company has a market capitalization of $72.38 billion, a PE ratio of 19.97, a PEG ratio of 3.10 and a beta of 0.62. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $134.60.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. American Electric Power’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

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.