Brookstone Capital Management Sells 6,796 Shares of American Electric Power Company, Inc. $AEP

Brookstone Capital Management lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,972 shares of the company’s stock after selling 6,796 shares during the period. Brookstone Capital Management’s holdings in American Electric Power were worth $13,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Advantage Trust Co boosted its holdings in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the last quarter. Bayforest Capital Ltd purchased a new position in American Electric Power during the first quarter worth about $31,000. Missouri Trust & Investment Co purchased a new position in American Electric Power during the second quarter worth about $31,000. Finally, GoalVest Advisory LLC grew its position in American Electric Power by 277.1% in the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after purchasing an additional 230 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.1%

Shares of American Electric Power stock opened at $115.30 on Friday. The stock has a market capitalization of $61.58 billion, a P/E ratio of 16.81, a P/E/G ratio of 3.01 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. The stock’s 50-day simple moving average is $118.71 and its 200 day simple moving average is $112.39.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the business earned $1.85 EPS. American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Citigroup lifted their price target on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. BTIG Research started coverage on American Electric Power in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. Wells Fargo & Company lifted their target price on American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.87.

Insider Buying and Selling at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,006 shares of company stock worth $1,883,522. Company insiders own 0.07% of the company’s stock.

American Electric Power 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.