Cwm LLC Acquires 234,689 Shares of American Electric Power Company, Inc. $AEP

Cwm LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 807.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,751 shares of the company’s stock after purchasing an additional 234,689 shares during the quarter. Cwm LLC’s holdings in American Electric Power were worth $29,672,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Busey Bank grew its holdings in American Electric Power by 4.8% during the 3rd quarter. Busey Bank now owns 8,423 shares of the company’s stock valued at $948,000 after buying an additional 389 shares in the last quarter. Spirit of America Management Corp NY boosted its position in shares of American Electric Power by 10.9% during the third quarter. Spirit of America Management Corp NY now owns 16,300 shares of the company’s stock worth $1,834,000 after acquiring an additional 1,600 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in American Electric Power during the third quarter valued at $26,000. Norden Group LLC increased its holdings in American Electric Power by 0.8% in the 3rd quarter. Norden Group LLC now owns 18,222 shares of the company’s stock valued at $2,050,000 after acquiring an additional 147 shares during the last quarter. Finally, World Investment Advisors increased its holdings in American Electric Power by 18.6% in the 3rd quarter. World Investment Advisors now owns 17,308 shares of the company’s stock valued at $1,947,000 after acquiring an additional 2,713 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

NASDAQ:AEP opened at $115.67 on Friday. The firm has a market capitalization of $61.78 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.01 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. The business has a 50 day simple moving average of $118.67 and a 200-day simple moving average of $112.49. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $124.80.

American Electric Power (NASDAQ:AEP) last released its 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). The company 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 11.00%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

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

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,006 shares of company stock valued at $1,883,522 in the last 90 days. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AEP shares. Citigroup raised their price objective on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Siebert Williams Shank initiated coverage on American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 price target for the company. Mizuho lifted their price objective on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. LADENBURG THALM/SH SH upped their price objective on American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a report on Thursday, November 20th. Finally, Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Two equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.87.

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.