Ibex Wealth Advisors Takes Position in American Electric Power Company, Inc. $AEP

Ibex Wealth Advisors bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,209 shares of the company’s stock, valued at approximately $5,873,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEP. TIAA Trust National Association lifted its position in shares of American Electric Power by 5.4% during the 3rd quarter. TIAA Trust National Association now owns 34,404 shares of the company’s stock valued at $3,870,000 after buying an additional 1,754 shares in the last quarter. Whalerock Point Partners LLC lifted its stake in shares of American Electric Power by 3.1% during the 3rd quarter. Whalerock Point Partners LLC now owns 27,511 shares of the company’s stock valued at $3,095,000 after buying an additional 820 shares in the last quarter. Integrated Advisors Network LLC increased its stake in American Electric Power by 722.4% in the 3rd quarter. Integrated Advisors Network LLC now owns 26,514 shares of the company’s stock worth $2,983,000 after buying an additional 23,290 shares in the last quarter. Choreo LLC lifted its holdings in shares of American Electric Power by 1.9% in the third quarter. Choreo LLC now owns 21,405 shares of the company’s stock worth $2,408,000 after buying an additional 395 shares in the last quarter. Finally, West Family Investments Inc. grew its holdings in shares of American Electric Power by 22.1% in the third quarter. West Family Investments Inc. now owns 3,009 shares of the company’s stock valued at $339,000 after purchasing an additional 545 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 1.3%

AEP opened at $133.82 on Friday. The company has a fifty day moving average of $120.75 and a two-hundred day moving average of $117.19. The stock has a market capitalization of $72.38 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.10 and a beta of 0.62. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $134.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45.

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

American Electric Power Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho increased their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. UBS Group upgraded American Electric Power from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $115.00 to $132.00 in a report on Friday. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Morgan Stanley reissued an “overweight” rating and set a $133.00 price objective on shares of American Electric Power in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.53.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by insiders.

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.