American Electric Power Company, Inc. $AEP Shares Purchased by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,768 shares of the company’s stock after buying an additional 2,489 shares during the quarter. Brookstone Capital Management’s holdings in American Electric Power were worth $13,361,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AEP. Brighton Jones LLC lifted its holdings in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares in the last quarter. GAMMA Investing LLC lifted its holdings in American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock worth $2,150,000 after buying an additional 3,867 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in American Electric Power by 8.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 140,864 shares of the company’s stock worth $15,392,000 after buying an additional 11,067 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in American Electric Power by 20.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 40,479 shares of the company’s stock worth $4,423,000 after buying an additional 6,736 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in American Electric Power by 29.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 57,022 shares of the company’s stock worth $6,231,000 after buying an additional 12,858 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,006 shares of company stock worth $1,243,522 over the last three months. 0.07% of the stock is currently owned by insiders.

American Electric Power Trading Down 0.1%

NASDAQ AEP opened at $117.27 on Thursday. 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 firm’s fifty day moving average price is $112.17 and its 200 day moving average price is $107.72. The company has a market capitalization of $62.71 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth 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 earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. 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 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The business 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 $0.95 dividend. This is a positive change 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 dividend yield of 3.2%. American Electric Power’s payout ratio is 54.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho reduced their price objective on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. BTIG Research assumed coverage on shares of American Electric Power in a report on Tuesday. They issued a “neutral” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. LADENBURG THALM/SH SH reduced their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Finally, Jefferies Financial Group raised their price objective on shares of American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $119.74.

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.