FLC Capital Advisors Has $200,000 Position in American Electric Power Company, Inc. $AEP

FLC Capital Advisors reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 20.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,930 shares of the company’s stock after selling 500 shares during the quarter. FLC Capital Advisors’ holdings in American Electric Power were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Eagle Strategies LLC grew its position in shares of American Electric Power by 1.7% during the 2nd 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 grew its position in shares of American Electric Power by 3.2% during the 1st 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 grew its position in shares of American Electric Power by 3.2% during the 1st 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. grew its position in shares of American Electric Power by 1.8% during the 2nd 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 grew its position in shares of American Electric Power by 0.4% during the 1st 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 institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEP. Scotiabank lifted their price objective on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. BMO Capital Markets lifted their price objective on American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday. Mizuho cut their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. TD Cowen began coverage on American Electric Power in a report on Thursday, October 16th. They set a “buy” rating and a $133.00 price objective on the stock. Finally, Cowen began coverage on American Electric Power in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $119.26.

Insider Activity at American Electric Power

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

American Electric Power Trading Up 0.2%

NASDAQ AEP opened at $117.82 on Tuesday. The stock has a market capitalization of $63.01 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 3.10 and a beta of 0.48. The stock’s 50 day moving average price is $111.98 and its two-hundred day moving average price is $107.59. 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 52 week low of $89.91 and a 52 week high of $120.46.

American Electric Power (NASDAQ:AEP) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

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.