WBH Advisory Inc. Lowers Holdings in American Electric Power Company, Inc. $AEP

WBH Advisory Inc. decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,624 shares of the company’s stock after selling 647 shares during the quarter. WBH Advisory Inc.’s holdings in American Electric Power were worth $376,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Venture Visionary Partners LLC boosted its stake in shares of American Electric Power by 7.3% in the second quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after buying an additional 4,616 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in American Electric Power during the second quarter worth approximately $7,722,000. GAMMA Investing LLC boosted its position in American Electric Power by 24.5% during the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock worth $2,150,000 after purchasing an additional 3,867 shares in the last quarter. Vigilare Wealth Management purchased a new position in American Electric Power during the second quarter worth approximately $556,000. Finally, TrueMark Investments LLC boosted its position in American Electric Power by 8.6% during the second quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock worth $5,289,000 after purchasing an additional 4,028 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $117.82 on Tuesday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $120.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a market cap of $63.01 billion, a PE ratio of 17.23, a P/E/G ratio of 3.10 and a beta of 0.48. The stock has a 50 day moving average price of $111.98 and a 200 day moving average price of $107.59.

American Electric Power (NASDAQ:AEP) last posted its quarterly 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. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The business’s revenue for the quarter 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. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased 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, October 15th. The Goldman Sachs Group increased their price target on American Electric Power from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. BMO Capital Markets increased their price target on American Electric Power from $121.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Scotiabank increased 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. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average target price of $119.26.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were 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 of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,006 shares of company stock valued at $1,243,522. 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.