Elevation Point Wealth Partners LLC Raises Stake in American Electric Power Company, Inc. $AEP

Elevation Point Wealth Partners LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2,126.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,340 shares of the company’s stock after acquiring an additional 23,247 shares during the period. Elevation Point Wealth Partners LLC’s holdings in American Electric Power were worth $2,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. West Family Investments Inc. purchased a new stake in American Electric Power during the 2nd quarter valued at about $256,000. Commerzbank Aktiengesellschaft FI raised its holdings in American Electric Power by 462.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after buying an additional 43,533 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of American Electric Power by 228.6% in the third quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock worth $5,812,000 after buying an additional 35,938 shares in the last quarter. Invesco Ltd. lifted its stake in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of American Electric Power by 807.5% during the third quarter. CWM LLC now owns 263,751 shares of the company’s stock valued at $29,672,000 after buying an additional 234,689 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 1.1%

Shares of American Electric Power stock opened at $133.61 on Monday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $134.60. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $124.14 and its 200 day moving average is $118.64. The company has a market cap of $72.54 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $5.32 billion during 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%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s payout ratio is presently 56.72%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. LADENBURG THALM/SH SH upgraded 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. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 target price on shares of American Electric Power in a report on Friday, February 20th. Argus boosted their price target on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.90.

Insiders Place Their Bets

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 transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s 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 sale, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is currently owned by corporate 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.