Passumpsic Savings Bank Acquires New Stake in American Electric Power Company, Inc. $AEP

Passumpsic Savings Bank acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,706 shares of the company’s stock, valued at approximately $4,578,000. American Electric Power comprises 2.5% of Passumpsic Savings Bank’s investment portfolio, making the stock its 8th largest position.

Several other institutional investors have also bought and sold shares of the company. North Dakota State Investment Board purchased a new position in American Electric Power in the fourth quarter valued at approximately $2,116,000. Soltis Investment Advisors LLC lifted its stake in American Electric Power by 5.0% in the fourth quarter. Soltis Investment Advisors LLC now owns 73,120 shares of the company’s stock valued at $8,432,000 after purchasing an additional 3,467 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in American Electric Power by 77.5% in the fourth quarter. iA Global Asset Management Inc. now owns 155,982 shares of the company’s stock valued at $17,986,000 after purchasing an additional 68,126 shares during the last quarter. May Hill Capital LLC lifted its stake in American Electric Power by 105.7% in the fourth quarter. May Hill Capital LLC now owns 4,690 shares of the company’s stock valued at $541,000 after purchasing an additional 2,410 shares during the last quarter. Finally, Atlas Wealth LLC lifted its position in shares of American Electric Power by 5.3% during the fourth quarter. Atlas Wealth LLC now owns 2,253 shares of the company’s stock worth $260,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the sale, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $125.15 on Monday. The stock has a market cap of $68.09 billion, a P/E ratio of 18.38, a PEG ratio of 2.50 and a beta of 0.56. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The firm’s fifty day moving average price is $132.24 and its 200-day moving average price is $124.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AEP shares. 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 report on Friday, February 13th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, March 4th. Evercore increased their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. The Goldman Sachs Group increased their target price on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.57.

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.