Cobblestone Capital Advisors LLC NY Has $470,000 Stock Holdings in American Electric Power Company, Inc. $AEP

Cobblestone Capital Advisors LLC NY grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,526 shares of the company’s stock after acquiring an additional 441 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in American Electric Power were worth $470,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AEP. Vanguard Group Inc. lifted its holdings in American Electric Power by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock worth $5,711,519,000 after purchasing an additional 579,175 shares during the last quarter. Wellington Management Group LLP lifted its holdings in American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares during the last quarter. GQG Partners LLC lifted its holdings in shares of American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after buying an additional 4,570,941 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of American Electric Power by 8.0% during the first quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock worth $572,332,000 after buying an additional 386,518 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of American Electric Power during the first quarter worth $568,042,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AEP. Evercore ISI began coverage on shares of American Electric Power in a research note on Monday, October 6th. They issued an “outperform” rating and a $133.00 price objective for the company. TD Cowen started coverage on shares of American Electric Power in a research report on Thursday, October 16th. They issued a “buy” rating and a $133.00 price target for the company. Cowen assumed coverage on shares of American Electric Power in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. BTIG Research assumed coverage on American Electric Power in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Finally, Barclays lifted their price objective on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Eleven 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.79.

American Electric Power Price Performance

American Electric Power stock opened at $116.39 on Tuesday. 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. The stock has a market capitalization of $62.24 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 3.06 and a beta of 0.48. The stock has a fifty day moving average of $112.43 and a 200-day moving average of $108.11.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion during 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%.American Electric Power’s revenue was up 11.1% on a year-over-year basis. 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, 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 declared 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. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’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 completion of the transaction, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was 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.

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.