Tounjian Advisory Partners LLC Decreases Stake in American Electric Power Company, Inc. $AEP

Tounjian Advisory Partners LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 29.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,270 shares of the company’s stock after selling 4,228 shares during the period. Tounjian Advisory Partners LLC’s holdings in American Electric Power were worth $1,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in shares of American Electric Power by 9.6% in the third quarter. American Century Companies Inc. now owns 268,757 shares of the company’s stock valued at $30,235,000 after purchasing an additional 23,647 shares during the period. Huntington National Bank boosted its holdings in American Electric Power by 3.0% in the 3rd quarter. Huntington National Bank now owns 1,139,009 shares of the company’s stock worth $128,140,000 after buying an additional 32,875 shares during the period. Argent Trust Co grew its stake in American Electric Power by 35.0% in the 3rd quarter. Argent Trust Co now owns 104,561 shares of the company’s stock valued at $11,763,000 after buying an additional 27,114 shares in the last quarter. Ninepoint Partners LP raised its holdings in American Electric Power by 2.2% during the 3rd quarter. Ninepoint Partners LP now owns 14,607 shares of the company’s stock valued at $1,643,000 after acquiring an additional 319 shares during the period. Finally, Ibex Wealth Advisors purchased a new stake in shares of American Electric Power during the third quarter worth $5,873,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $133.82 on Friday. The firm has a 50 day simple moving average of $120.75 and a two-hundred day simple moving average of $117.19. The stock has a market cap of $72.38 billion, a PE ratio of 19.97, a P/E/G ratio of 3.10 and a beta of 0.62. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $134.60. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

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

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s dividend payout ratio is currently 56.72%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AEP shares. Siebert Williams Shank initiated coverage on American Electric Power in a research report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price target for the company. TD Cowen lifted their target price on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. Williams Trading set a $137.00 price target on American Electric Power in a research report on Thursday, December 18th. The Goldman Sachs Group raised their price objective on shares of American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $132.53.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is 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.