49 Wealth Management LLC Has $460,000 Stake in American Electric Power Company, Inc. $AEP

49 Wealth Management LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,435 shares of the company’s stock after buying an additional 586 shares during the period. 49 Wealth Management LLC’s holdings in American Electric Power were worth $460,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of American Electric Power by 1.1% in 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 raised its stake in shares of 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 valued at $2,415,144,000 after purchasing an additional 4,323,569 shares during the period. GQG Partners LLC grew 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 boosted its stake in shares of American Electric Power by 8.0% during the 1st 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 during the last quarter. Finally, Nuveen LLC acquired a new position in American Electric Power during the first quarter valued at approximately $568,042,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. BTIG Research assumed coverage on shares of American Electric Power in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. BMO Capital Markets set a $126.00 price objective on American Electric Power in a report on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $128.00 to $133.00 in a research note on Thursday, October 30th. Finally, Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $121.43 on Monday. 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 fifty day simple moving average of $113.74 and a 200 day simple moving average of $108.99. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $122.85. The company has a market capitalization of $64.86 billion, a PE ratio of 17.70, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 represents a $3.80 dividend on an annualized basis and a yield of 3.1%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is presently 55.39%.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the transaction, the director directly owned 35,898 shares in the company, valued at approximately $4,218,732.96. The trade was a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,006 shares of company stock valued at $1,243,522. Company insiders own 0.07% of the company’s stock.

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.