Inceptionr LLC Buys Shares of 6,904 American Electric Power Company, Inc. $AEP

Inceptionr LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the third quarter, HoldingsChannel reports. The institutional investor purchased 6,904 shares of the company’s stock, valued at approximately $777,000.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of American Electric Power during the 3rd quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in shares of American Electric Power in the 3rd quarter worth about $26,000. Dogwood Wealth Management LLC increased its position 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 valued at $26,000 after purchasing an additional 175 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in American Electric Power by 3,000.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after buying an additional 300 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly 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. The SEC filing for this sale provides additional information. Insiders sold a total of 10,457 shares of company stock worth $1,295,273 in the last three months. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEP. JPMorgan Chase & Co. raised their price target on shares of American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Williams Trading set a $137.00 price objective on American Electric Power in a report on Thursday, December 18th. BMO Capital Markets raised their price target on American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Finally, LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Wednesday, March 4th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.24.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $131.86 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $134.60. The firm’s 50-day moving average is $122.80 and its 200 day moving average is $118.10. The stock has a market cap of $71.59 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.10 and a beta of 0.61. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates 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 was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts anticipate 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 2.9%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

About American Electric Power

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.