5,816 American Electric Power Company, Inc. $AEP Shares Purchased by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.8% during the 3rd quarter, Holdings Channel reports. The firm owned 71,862 shares of the company’s stock after acquiring an additional 5,816 shares during the period. Venture Visionary Partners LLC’s holdings in American Electric Power were worth $8,526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $32,032,000. BlackRock Inc. bought a new stake in shares of American Electric Power in the second quarter worth about $6,980,601,000. Dockside LLC purchased a new position in American Electric Power during the 4th quarter valued at about $1,912,000. Barclays PLC raised its position in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after purchasing an additional 57,807 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in American Electric Power during the 4th quarter valued at approximately $2,318,000. 75.24% of the stock is currently owned by institutional investors.

Insider Activity at American Electric Power

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

American Electric Power Stock Up 0.3%

Shares of AEP stock traded up $0.41 during midday trading on Wednesday, reaching $122.08. 3,205,916 shares of the stock were exchanged, compared to its average volume of 4,006,211. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58. The company’s 50 day moving average is $123.13 and its two-hundred day moving average is $128.85. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a market cap of $66.46 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’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. On average, equities research analysts predict that American Electric Power Company, Inc. will post 6.38 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AEP. TD Cowen reiterated a “buy” rating on shares of American Electric Power in a research report on Wednesday, September 9th. Barclays decreased their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of American Electric Power in a research note on Monday, September 21st. LADENBURG THALM/SH SH cut their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Thursday, August 27th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.62.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.