Matrix Asset Advisors Inc. NY Reduces Stock Holdings in American Electric Power Company, Inc. $AEP

Matrix Asset Advisors Inc. NY lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,281 shares of the company’s stock after selling 5,835 shares during the quarter. American Electric Power makes up about 1.9% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 19th biggest position. Matrix Asset Advisors Inc. NY’s holdings in American Electric Power were worth $21,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of American Electric Power in the 3rd quarter valued at $26,000. Dogwood Wealth Management LLC raised its stake 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 acquiring an additional 175 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power in the third quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new stake in American Electric Power in the third quarter valued at $29,000. Finally, Beacon Financial Strategies CORP acquired a new position in American Electric Power in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research analyst reports. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. The Goldman Sachs Group raised their price target on American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Evercore boosted their price objective on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Finally, Morgan Stanley increased their price objective on American Electric Power from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $136.10.

American Electric Power Trading Up 0.5%

NASDAQ AEP opened at $131.67 on Thursday. The firm’s fifty day moving average is $127.47 and its two-hundred day moving average is $120.45. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $135.00. 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 cap of $71.57 billion, a PE ratio of 19.65, a P/E/G ratio of 3.08 and a beta of 0.61.

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

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Insider Activity at American Electric Power

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred on 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 owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 $2,025,798.60. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.07% of the company’s stock.

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.