American Electric Power Company, Inc. $AEP Shares Purchased by Clarity Financial LLC

Clarity Financial LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,753 shares of the company’s stock after acquiring an additional 394 shares during the period. Clarity Financial LLC’s holdings in American Electric Power were worth $493,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new stake in American Electric Power in the first quarter valued at $25,000. Bank of New Hampshire acquired a new stake in American Electric Power in the first quarter valued at $28,000. Bayforest Capital Ltd acquired a new stake in American Electric Power in the first quarter valued at $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power during the second quarter worth $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power during the first quarter worth $33,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research reports. Barclays increased their target price on shares of American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Scotiabank increased their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. UBS Group increased their target price on shares of American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Thursday, July 31st. Raymond James Financial reissued an “outperform” rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, LADENBURG THALM/SH SH dropped their target price on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.63.

American Electric Power Stock Up 0.2%

American Electric Power stock opened at $112.75 on Thursday. The company has a 50-day simple moving average of $110.69 and a 200-day simple moving average of $106.59. The firm has a market capitalization of $60.30 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.98 and a beta of 0.48. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion during 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 company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio is currently 54.39%.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

American Electric Power 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.