Cypress Capital Group Sells 554 Shares of American Electric Power Company, Inc. $AEP

Cypress Capital Group reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,691 shares of the company’s stock after selling 554 shares during the quarter. Cypress Capital Group’s holdings in American Electric Power were worth $3,081,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its stake in shares of American Electric Power by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after purchasing an additional 430 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of American Electric Power in the 1st quarter valued at $262,000. Venture Visionary Partners LLC boosted its stake in shares of American Electric Power by 7.3% in the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock valued at $7,080,000 after purchasing an additional 4,616 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of American Electric Power in the 2nd quarter valued at $7,722,000. Finally, Robertson Stephens Wealth Management LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at $205,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AEP. UBS Group upped their price objective on shares of American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday. Morgan Stanley cut their target price 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, September 25th. LADENBURG THALM/SH SH cut 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 research note on Wednesday, September 10th. 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 research note on Thursday, July 31st. Finally, Jefferies Financial Group cut their target price 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. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Electric Power has an average rating of “Hold” and an average target price of $114.50.

American Electric Power Stock Performance

AEP opened at $117.04 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The company’s fifty day moving average price is $111.44 and its two-hundred day moving average price is $107.16. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $119.06. The company has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.48.

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

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio is presently 54.39%.

Insider Buying and Selling 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 on Thursday, October 2nd. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction 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 position. The disclosure for this sale can be found here. 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.