American Electric Power Company, Inc. $AEP Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 45.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,602 shares of the company’s stock after purchasing an additional 1,437 shares during the period. Chicago Partners Investment Group LLC’s holdings in American Electric Power were worth $501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power during the 1st quarter valued at approximately $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power during the 2nd quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power during the 1st quarter valued at approximately $33,000. IMA Advisory Services Inc. acquired a new position in American Electric Power during the first quarter worth $35,000. Finally, North Capital Inc. acquired a new position in American Electric Power during the first quarter worth $39,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction 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 owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction 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 owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. This represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,006 shares of company stock valued at $1,243,522. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AEP shares. JPMorgan Chase & Co. boosted their target price on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. UBS Group boosted 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 report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Scotiabank boosted their price target 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. Finally, Mizuho dropped their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $119.74.

American Electric Power Trading Down 0.1%

AEP stock opened at $117.27 on Thursday. The company has a market cap of $62.71 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 3.10 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $112.17 and a 200-day simple moving average of $107.72. 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 quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The business 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 business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $0.95 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.2%. American Electric Power’s dividend payout ratio is currently 54.39%.

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.