American Electric Power Company, Inc. $AEP Position Boosted by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,099 shares of the company’s stock after buying an additional 503 shares during the quarter. Sonora Investment Management Group LLC’s holdings in American Electric Power were worth $322,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Clarius Group LLC lifted its holdings in American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after acquiring an additional 95 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after acquiring an additional 99 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in American Electric Power by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after acquiring an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in American Electric Power by 1.8% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after acquiring an additional 104 shares during the last quarter. Finally, American National Bank & Trust lifted its holdings in American Electric Power by 6.1% in the first quarter. American National Bank & Trust now owns 1,857 shares of the company’s stock worth $203,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

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, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $109.14 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The firm has a market capitalization of $58.37 billion, a PE ratio of 15.96, a P/E/G ratio of 2.89 and a beta of 0.46. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The company’s 50 day simple moving average is $110.54 and its 200 day simple moving average is $106.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.4%. American Electric Power’s payout ratio is 54.39%.

Analyst Upgrades and Downgrades

AEP has been the topic of several analyst reports. Scotiabank raised their price target on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Jefferies Financial Group dropped their price target on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley dropped their price target on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Barclays raised their price target on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $111.63.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.