Mainstay Capital Management LLC ADV Sells 15,866 Shares of American Electric Power Company, Inc. $AEP

Mainstay Capital Management LLC ADV lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 50.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,472 shares of the company’s stock after selling 15,866 shares during the period. Mainstay Capital Management LLC ADV’s holdings in American Electric Power were worth $1,741,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in American Electric Power during the 3rd quarter valued at 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 purchasing an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of American Electric Power in the third quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of American Electric Power in the third quarter valued at approximately $29,000. Finally, Imprint Wealth LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $35,000. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’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 owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction dated Friday, February 27th. The stock was 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 in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Stock Performance

Shares of AEP opened at $130.97 on Thursday. The stock has a 50 day moving average of $125.26 and a 200 day moving average of $119.04. The company has a market capitalization of $71.11 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 3.14 and a beta of 0.61. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $135.00. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is 56.72%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Williams Trading set a $137.00 target price on shares of American Electric Power in a research note on Thursday, December 18th. Bank of America downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the company from $131.00 to $122.00 in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of American Electric Power from $125.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.90.

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.