Horizon Investments LLC Buys 15,853 Shares of American Electric Power Company, Inc. $AEP

Horizon Investments LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 37.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,155 shares of the company’s stock after buying an additional 15,853 shares during the quarter. Horizon Investments LLC’s holdings in American Electric Power were worth $6,706,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Czech National Bank increased its holdings in shares of American Electric Power by 3.9% in the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after purchasing an additional 5,314 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in American Electric Power by 2.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after buying an additional 8,302 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in American Electric Power by 462.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after buying an additional 43,533 shares during the period. Benjamin Edwards Inc. grew its position in American Electric Power by 228.6% during the third quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock worth $5,812,000 after buying an additional 35,938 shares in the last quarter. Finally, GF Fund Management CO. LTD. grew its position in American Electric Power by 7.4% during the fourth quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock worth $13,171,000 after buying an additional 7,833 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1%

Shares of AEP opened at $136.91 on Friday. American Electric Power Company, Inc. has a 1 year low of $97.46 and a 1 year high of $138.49. 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 stock has a 50 day simple moving average of $132.54 and a two-hundred day simple moving average of $123.79. The firm has a market cap of $74.42 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.22 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion for 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 business’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 6.33 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s payout ratio is currently 56.72%.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Cowen raised their price target on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. Truist Financial initiated coverage on American Electric Power in a report on Tuesday, April 21st. They set a “buy” rating and a $148.00 price objective for the company. Morgan Stanley decreased their price objective on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company raised their target price on shares of American Electric Power from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, Argus lifted their target price on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.18.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares in the company, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 transaction, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. This trade represents a 8.86% 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.