500 Shares in American Electric Power Company, Inc. $AEP Acquired by Hoese & Co LLP

Hoese & Co LLP acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, Holdings Channel reports. The firm acquired 500 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Strategies LLC boosted its position in shares of American Electric Power by 1.7% during the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after buying an additional 94 shares during the period. McIlrath & Eck LLC boosted its position in shares of American Electric Power by 3.2% during the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after buying an additional 99 shares during the period. Personal CFO Solutions LLC boosted its position in shares of American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after buying an additional 103 shares during the period. McGlone Suttner Wealth Management Inc. boosted its position in shares of American Electric Power by 1.8% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after buying an additional 104 shares during the period. Finally, Strategic Blueprint LLC boosted its position in shares of American Electric Power by 0.4% during the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company’s stock worth $2,683,000 after buying an additional 108 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

American Electric Power stock opened at $117.53 on Friday. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $120.46. 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 has a market cap of $62.85 billion, a PE ratio of 17.18, a P/E/G ratio of 3.10 and a beta of 0.48. The stock’s fifty day moving average is $111.86 and its two-hundred day moving average is $107.51.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share 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 analysts’ expectations of $4.85 billion. During the same period last year, the firm earned $1.25 earnings per share. American Electric Power’s quarterly 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, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

Insiders Place Their Bets

In other news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the sale, the director owned 35,898 shares in the company, valued at $4,218,732.96. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AEP. JPMorgan Chase & Co. raised their price target on American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday. Scotiabank raised their price target on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Morgan Stanley reduced their price objective on 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 reduced their price objective on 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. Finally, Evercore ISI assumed coverage on American Electric Power in a research note on Monday, October 6th. They issued an “outperform” rating and a $133.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $119.26.

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.