Hollow Brook Wealth Management LLC Trims Holdings in American Electric Power Company, Inc. $AEP

Hollow Brook Wealth Management LLC trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,989 shares of the company’s stock after selling 4,014 shares during the quarter. American Electric Power makes up 1.7% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 15th largest position. Hollow Brook Wealth Management LLC’s holdings in American Electric Power were worth $6,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Activest Wealth Management raised its stake in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Dogwood Wealth Management LLC raised its stake in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the period. Optima Capital LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $26,000. Rakuten Securities Inc. raised its stake in shares of American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its stake in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research note on Friday, February 20th. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, April 20th. Truist Financial dropped their price objective on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.10.

American Electric Power Stock Up 0.1%

AEP opened at $129.31 on Tuesday. The company has a market cap of $70.36 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.58 and a beta of 0.53. The business’s 50-day moving average price is $131.21 and its 200-day moving average price is $125.75. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS 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 the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s payout ratio is currently 55.80%.

About American Electric Power

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.