American Electric Power Company, Inc. $AEP Shares Sold by Advisory Resource Group

Advisory Resource Group decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 22.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,065 shares of the company’s stock after selling 866 shares during the period. Advisory Resource Group’s holdings in American Electric Power were worth $318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in 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 buying an additional 579,175 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 valued at $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. GQG Partners LLC lifted its holdings in American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after acquiring an additional 4,570,941 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Electric Power by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock valued at $1,379,532,000 after purchasing an additional 285,000 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of 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 during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Down 0.1%

Shares of NASDAQ:AEP opened at $121.30 on Friday. The stock’s 50-day moving average is $115.00 and its 200 day moving average is $109.49. The company has a market cap of $64.79 billion, a PE ratio of 17.68, a P/E/G ratio of 3.22 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $123.31.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm earned $1.85 EPS. The business’s revenue was up 10.9% on a year-over-year basis. 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 EPS for the current year.

American Electric Power Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup lifted their price target on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. BTIG Research assumed coverage on American Electric Power in a research note on Tuesday, October 21st. They set a “neutral” rating for the company. The Goldman Sachs Group boosted their target price on American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Morgan Stanley upped their target price on American Electric Power from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Barclays increased their price target on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $124.50.

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the 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 transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,006 shares of company stock worth $1,243,522 in the last quarter. 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.