Savvy Advisors Inc. Has $1.56 Million Position in American Electric Power Company, Inc. $AEP

Savvy Advisors Inc. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 64.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,533 shares of the company’s stock after buying an additional 5,310 shares during the quarter. Savvy Advisors Inc.’s holdings in American Electric Power were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power in the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in American Electric Power during the 3rd quarter worth about $26,000. Dogwood Wealth Management LLC boosted its position 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. Measured Wealth Private Client Group LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP bought a new stake in American Electric Power during the fourth quarter worth $32,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on AEP. UBS Group upped their price target on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. BMO Capital Markets raised their price target on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. TD Cowen lifted their price target on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wall Street Zen raised American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Siebert Williams Shank initiated coverage on American Electric Power in a research note on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.10.

American Electric Power Stock Performance

Shares of AEP stock opened at $132.36 on Tuesday. The business’s 50-day moving average price is $128.39 and its 200-day moving average price is $121.08. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $71.95 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.12 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $135.00.

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

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is currently 56.72%.

Insider Buying and Selling

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power 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 completion of the sale, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power 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 completion of the sale, 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 SEC filing for this sale provides additional information. 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.