White Pine Capital LLC Buys Shares of 6,448 American Electric Power Company, Inc. $AEP

White Pine Capital LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,448 shares of the company’s stock, valued at approximately $725,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEP. Harbor Capital Advisors Inc. purchased a new position in American Electric Power in the 3rd quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of American Electric Power during the 3rd quarter valued at about $26,000. Montag A & Associates Inc. grew its stake in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the period. GoalVest Advisory LLC grew its stake in shares of American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after acquiring an additional 230 shares during the period. Finally, Osterweis Capital Management Inc. raised its holdings in shares of American Electric Power by 3,000.0% during the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Up 0.7%

AEP stock opened at $129.37 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $132.78. 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 stock has a market cap of $69.97 billion, a P/E ratio of 19.31, a PEG ratio of 3.02 and a beta of 0.62. The business’s 50-day moving average price is $119.00 and its 200-day moving average price is $116.51.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s payout ratio is 56.72%.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several research reports. Citigroup raised their target price on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Williams Trading set a $137.00 price target on American Electric Power in a report on Thursday, December 18th. Mizuho raised their price target on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $133.00 price objective on shares of American Electric Power in a research report on Friday. Finally, Wells Fargo & Company increased their target price on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $131.28.

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.