Spire Wealth Management Has $1.25 Million Stake in American Electric Power Company, Inc. $AEP

Spire Wealth Management boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 181.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,839 shares of the company’s stock after acquiring an additional 6,993 shares during the quarter. Spire Wealth Management’s holdings in American Electric Power were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the 3rd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in shares of American Electric Power during the third quarter worth about $26,000. Dogwood Wealth Management LLC boosted its position in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of American Electric Power during the third quarter worth about $29,000. Finally, Beacon Financial Strategies CORP acquired a new stake in American Electric Power in the 4th quarter valued at approximately $32,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.0%

American Electric Power stock opened at $131.08 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The company’s 50-day moving average is $127.22 and its 200-day moving average is $120.38. The firm has a market capitalization of $71.25 billion, a PE ratio of 19.56, a P/E/G ratio of 3.08 and a beta of 0.61. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $135.00.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the business posted $1.24 EPS. American Electric Power’s revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.95 per share. 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 payout ratio is currently 56.72%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEP. 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 note on Friday, February 13th. TD Cowen raised their price target on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Argus lifted their price objective on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Siebert Williams Shank assumed coverage on shares of American Electric Power in a research report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $125.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction 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 $5,582,097.04. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.05% of the company’s stock.

American Electric Power 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.