Taylor Financial Group Inc. Buys 100 Shares of American Electric Power Company, Inc. $AEP

Taylor Financial Group Inc. grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,376 shares of the company’s stock after buying an additional 100 shares during the quarter. Taylor Financial Group Inc.’s holdings in American Electric Power were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AEP. Nuveen LLC bought a new position in American Electric Power in the first quarter valued at $568,042,000. GQG Partners LLC boosted its holdings in shares of American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after purchasing an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP lifted its position in American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after buying an additional 4,323,569 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in American Electric Power in the 1st quarter worth approximately $153,524,000. Finally, Burkehill Global Management LP bought a new stake in American Electric Power in the 1st quarter worth approximately $120,197,000. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction 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 $4,218,732.96. This trade represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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 $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,006 shares of company stock valued at $1,243,522 in the last ninety days. 0.07% of the stock is currently owned by insiders.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $116.39 on Tuesday. The company has a market cap of $62.24 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 3.06 and a beta of 0.48. The company has a 50-day moving average price of $112.43 and a 200-day moving average price of $108.11. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. 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 issued its quarterly earnings data 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 net margin of 17.68% and a return on equity of 11.55%. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current 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 given a $0.95 dividend. The ex-dividend date is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is 54.39%.

Wall Street Analyst Weigh In

Several research firms have commented on AEP. Raymond James Financial reissued an “outperform” rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Evercore ISI started coverage on shares of American Electric Power in a report on Monday, October 6th. They set an “outperform” rating and a $133.00 target price on the stock. Jefferies Financial Group increased their target price 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. Wells Fargo & Company initiated coverage on shares of American Electric Power in a research report on Monday. They set an “overweight” rating and a $132.00 price target for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.79.

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.