International Assets Investment Management LLC Sells 304 Shares of American Electric Power Company, Inc. $AEP

International Assets Investment Management LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,329 shares of the company’s stock after selling 304 shares during the period. International Assets Investment Management LLC’s holdings in American Electric Power were worth $345,000 at the end of the most recent reporting period.

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

Insider Activity

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

American Electric Power Stock Down 0.1%

AEP stock opened at $117.27 on Thursday. 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 firm has a market capitalization of $62.71 billion, a PE ratio of 17.14, a PEG ratio of 3.10 and a beta of 0.48. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $120.46. The stock has a 50-day simple moving average of $112.17 and a two-hundred day simple moving average of $107.72.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.2%. American Electric Power’s payout ratio is presently 54.39%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH decreased their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. BTIG Research assumed coverage on American Electric Power in a report on Tuesday. They issued a “neutral” rating for the company. Evercore ISI assumed coverage on American Electric Power in a report on Monday, October 6th. They issued an “outperform” rating and a $133.00 price objective for the company. Cowen assumed coverage on American Electric Power in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, BMO Capital Markets lifted their price objective on American Electric Power from $121.00 to $127.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $119.74.

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.