Alpha Cubed Investments LLC Purchases 71,527 Shares of American Electric Power Company, Inc. $AEP

Alpha Cubed Investments LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 658,938 shares of the company’s stock after buying an additional 71,527 shares during the period. American Electric Power accounts for approximately 2.6% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 14th largest holding. Alpha Cubed Investments LLC owned approximately 0.12% of American Electric Power worth $68,371,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Gilbert & Cook Inc. increased its position in American Electric Power by 2.3% in the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock worth $419,000 after purchasing an additional 91 shares during the period. Eagle Strategies LLC boosted its stake in shares of American Electric Power by 1.7% in the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after purchasing an additional 94 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after buying an additional 99 shares during the period. Advantage Trust Co raised its stake in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Finally, Taylor Financial Group Inc. raised its stake in shares of American Electric Power by 1.9% during the second quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock worth $558,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 1.6%

NASDAQ AEP opened at $121.43 on Monday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $122.85. 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 firm has a market cap of $64.86 billion, a P/E ratio of 17.70, a P/E/G ratio of 3.22 and a beta of 0.52. The stock’s 50-day moving average is $113.74 and its 200-day moving average is $108.99.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of analyst reports. Barclays lifted their target price on shares of American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. BMO Capital Markets set a $126.00 price objective on American Electric Power in a research note on Thursday, October 30th. Citigroup upped their price objective on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. UBS Group raised their target price on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Finally, BTIG Research assumed coverage on American Electric Power in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was 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 of the company’s stock, valued at $4,218,732.96. This represents a 12.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,006 shares of company stock worth $1,243,522. Corporate 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.