Focus Partners Wealth Increases Stock Holdings in American Electric Power Company, Inc. $AEP

Focus Partners Wealth increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,175 shares of the company’s stock after acquiring an additional 1,397 shares during the quarter. Focus Partners Wealth’s holdings in American Electric Power were worth $4,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of American Electric Power by 1.1% during the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock valued at $5,711,519,000 after acquiring an additional 579,175 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of 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 valued at $2,415,144,000 after buying an additional 4,323,569 shares in the last quarter. GQG Partners LLC lifted its position in shares of American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after buying an additional 4,570,941 shares in the last quarter. Northern Trust Corp lifted its holdings in American Electric Power by 8.0% in the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock worth $572,332,000 after purchasing an additional 386,518 shares in the last quarter. Finally, Nuveen LLC purchased a new position in American Electric Power in the 1st quarter worth approximately $568,042,000. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AEP. Scotiabank boosted their target price on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Jefferies Financial Group reduced their target price on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday. Mizuho set a $116.00 price objective on American Electric Power and gave the stock a “neutral” rating in a research note on Thursday, July 31st. UBS Group raised their target price on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Thursday, July 31st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of American Electric Power in a research report on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.93.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the transaction, the executive vice president directly owned 10,274 shares of the company’s stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

American Electric Power Stock Up 0.7%

Shares of NASDAQ AEP opened at $109.46 on Monday. The company has a market capitalization of $58.54 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 2.90 and a beta of 0.46. 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 business has a 50-day moving average of $110.03 and a two-hundred day moving average of $106.27. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is 54.39%.

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.