Farther Finance Advisors LLC Purchases 6,512 Shares of American Electric Power Company, Inc. $AEP

Farther Finance Advisors LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 39.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,863 shares of the company’s stock after purchasing an additional 6,512 shares during the quarter. Farther Finance Advisors LLC’s holdings in American Electric Power were worth $2,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in AEP. Czech National Bank lifted its holdings in shares of American Electric Power by 3.9% during the 4th quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after acquiring an additional 5,314 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of American Electric Power by 462.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after purchasing an additional 43,533 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after buying an additional 35,938 shares in the last quarter. CWM LLC boosted its stake in American Electric Power by 807.5% in the third quarter. CWM LLC now owns 263,751 shares of the company’s stock worth $29,672,000 after buying an additional 234,689 shares in the last quarter. Finally, Community Financial Services Group LLC purchased a new stake in American Electric Power in the third quarter worth approximately $4,379,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $133.66 on Friday. The company’s fifty day simple moving average is $131.10 and its two-hundred day simple moving average is $122.63. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $137.74. The firm has a market cap of $72.65 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were issued a $0.95 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. BMO Capital Markets boosted their price target on shares of American Electric Power from $136.00 to $141.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $139.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Finally, Mizuho increased their target price on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.81.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares in the company, 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. 0.05% of the stock is currently owned by company insiders.

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.