Signal Advisors Wealth LLC Takes $220,000 Position in American Electric Power Company, Inc. $AEP

Signal Advisors Wealth LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,117 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EQ Wealth Advisors LLC purchased a new stake in American Electric Power during the first quarter valued at $25,000. Bank of New Hampshire bought a new position in American Electric Power during the first quarter valued at $28,000. Bayforest Capital Ltd bought a new position in American Electric Power during the first quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power during the first quarter valued at $33,000. Finally, Fourth Dimension Wealth LLC bought a new position in American Electric Power during the fourth quarter valued at $28,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AEP. Jefferies Financial Group lowered their price objective on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Barclays increased their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Morgan Stanley reiterated an “overweight” rating on shares of American Electric Power in a research report on Thursday, August 21st. LADENBURG THALM/SH SH cut 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 research report on Wednesday, September 10th. Finally, Scotiabank boosted their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average target price of $111.50.

American Electric Power Stock Performance

AEP stock opened at $107.06 on Friday. The firm has a market cap of $57.25 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.83 and a beta of 0.46. The firm has a 50-day simple moving average of $110.29 and a two-hundred day simple moving average of $106.33. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. 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 (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate 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 net margin of 17.68% and a return on equity of 11.55%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s dividend payout ratio is presently 54.39%.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $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 through this hyperlink. 0.07% of the stock is owned by insiders.

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.