Ashton Thomas Private Wealth LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 1,131.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,830 shares of the company’s stock after purchasing an additional 28,326 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in American Electric Power were worth $3,555,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of American Electric Power in the third quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of American Electric Power in the third quarter worth about $26,000. Dogwood Wealth Management LLC raised its stake in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the last quarter. Optima Capital LLC bought a new position in shares of American Electric Power in the fourth quarter worth about $26,000. Finally, Rakuten Securities Inc. raised its stake in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares during the last quarter. 75.24% of the stock is owned by institutional investors.
American Electric Power Trading Up 0.3%
AEP opened at $135.07 on Tuesday. 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 company has a market cap of $73.42 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58. The firm has a 50 day simple moving average of $132.12 and a 200 day simple moving average of $123.44. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $137.74.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business 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%. American Electric Power’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.34 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday. Raymond James Financial boosted their target price on shares of American Electric Power from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of American Electric Power in a research note on Friday, February 20th. Truist Financial assumed coverage on shares of American Electric Power in a research note on Tuesday, April 21st. They issued a “buy” rating and a $148.00 target price for the company. Finally, TD Cowen boosted their target price on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.18.
Insider Buying and Selling
In related news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction that occurred on 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 directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.05% of the company’s stock.
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.
Featured Stories
Receive News & Ratings for American Electric Power Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Electric Power and related companies with MarketBeat.com’s FREE daily email newsletter.
