Ascent Group LLC Boosts Position in American Electric Power Company, Inc. $AEP

Ascent Group LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,183 shares of the company’s stock after buying an additional 528 shares during the period. Ascent Group LLC’s holdings in American Electric Power were worth $3,236,000 as of its most recent SEC filing.

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

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was 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 $4,443,567.70. This trade represents a 10.89% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

American Electric Power Stock Up 0.5%

Shares of NASDAQ:AEP opened at $114.06 on Friday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36. The company has a market cap of $61.00 billion, a PE ratio of 16.68, a P/E/G ratio of 3.02 and a beta of 0.48. 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 stock’s 50-day moving average is $110.87 and its 200 day moving average is $106.70.

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

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AEP. Jefferies Financial Group dropped their price target on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, September 11th. LADENBURG THALM/SH SH decreased their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Saturday, September 27th. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, Scotiabank lifted their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.63.

About American Electric Power

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.