6,001 American Electric Power Company, Inc. $AEP Shares Acquired by Harrison Street Private Wealth LLC

Harrison Street Private Wealth LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 24.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,807 shares of the company’s stock after purchasing an additional 6,001 shares during the quarter. American Electric Power makes up about 5.0% of Harrison Street Private Wealth LLC’s investment portfolio, making the stock its 9th largest position. Harrison Street Private Wealth LLC’s holdings in American Electric Power were worth $3,655,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AEP. Essex Financial Services Inc. increased its holdings in American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares in the last quarter. Cornerstone Advisory LLC raised its position in American Electric Power by 1.3% during the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after acquiring an additional 75 shares during the last quarter. Community Trust & Investment Co. raised its position in American Electric Power by 1.7% during the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock worth $647,000 after acquiring an additional 77 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its position in American Electric Power by 1.3% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 6,263 shares of the company’s stock worth $743,000 after acquiring an additional 80 shares during the last quarter. Finally, Hilton Head Capital Partners LLC lifted its holdings in shares of American Electric Power by 3.9% in the third quarter. Hilton Head Capital Partners LLC now owns 2,121 shares of the company’s stock valued at $252,000 after purchasing an additional 80 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP opened at $130.30 on Wednesday. The company’s 50 day simple moving average is $123.16 and its 200 day simple moving average is $127.74. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.40 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $0.97 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, November 10th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.0%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Mizuho cut their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. HSBC started coverage on American Electric Power in a research report on Thursday, October 22nd. They set a “buy” rating and a $145.90 price objective for the company. Citigroup reduced their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, BMO Capital Markets lowered their target price on American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.70.

Insider Buying and Selling at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.