American Electric Power Company, Inc. $AEP Shares Acquired by Crewe Advisors LLC

Crewe Advisors LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 37.9% during the 2nd quarter, Holdings Channel reports. The fund owned 965 shares of the company’s stock after purchasing an additional 265 shares during the quarter. Crewe Advisors LLC’s holdings in American Electric Power were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AEP. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new stake in American Electric Power during the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in American Electric Power during the second quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power during the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. purchased a new position in American Electric Power in the first quarter valued at $35,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This represents 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 available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director directly owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. This represents a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,006 shares of company stock valued at $1,243,522. 0.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEP. 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. Morgan Stanley reduced their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group upped their target price on American Electric Power from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $119.26.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $117.53 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 business has a 50 day simple moving average of $111.86 and a two-hundred day simple moving average of $107.49. The stock has a market capitalization of $62.85 billion, a P/E ratio of 17.18, a PEG ratio of 3.10 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $120.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, analysts predict 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. Investors 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 dividend on an annualized basis and a yield of 3.2%. American Electric Power’s payout ratio is presently 54.39%.

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.