Brighton Jones LLC Increases Stake in American Electric Power Company, Inc. $AEP

Brighton Jones LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 64.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,473 shares of the company’s stock after purchasing an additional 6,460 shares during the quarter. Brighton Jones LLC’s holdings in American Electric Power were worth $1,853,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AEP. Price T Rowe Associates Inc. MD increased its position in shares of American Electric Power by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 774,560 shares of the company’s stock valued at $84,637,000 after acquiring an additional 10,780 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in American Electric Power by 27.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,004 shares of the company’s stock valued at $535,000 after purchasing an additional 1,067 shares during the last quarter. ICONIQ Capital LLC purchased a new stake in American Electric Power during the 1st quarter valued at $292,000. Synovus Financial Corp increased its holdings in shares of American Electric Power by 37.1% in the 1st quarter. Synovus Financial Corp now owns 19,440 shares of the company’s stock worth $2,125,000 after purchasing an additional 5,263 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of American Electric Power by 0.7% in the first quarter. Comerica Bank now owns 169,448 shares of the company’s stock worth $18,516,000 after purchasing an additional 1,145 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director directly owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,006 shares of company stock valued at $1,883,522. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.1%

Shares of NASDAQ:AEP opened at $114.62 on Tuesday. The stock’s 50-day simple moving average is $118.88 and its two-hundred day simple moving average is $112.26. The stock has a market capitalization of $61.22 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.99 and a beta of 0.61. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $124.80. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.American Electric Power’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a dividend of $0.95 per share. The ex-dividend date was Monday, November 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is 55.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AEP shares. Williams Trading set a $137.00 price target on American Electric Power in a report on Thursday. BMO Capital Markets set a $126.00 target price on American Electric Power in a research report on Thursday, October 30th. Jefferies Financial Group upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and upped their target price for the company from $128.00 to $137.00 in a research note on Monday, November 17th. Cowen assumed coverage on shares of American Electric Power in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.87.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.