Farther Finance Advisors LLC Grows Stake in American Electric Power Company, Inc. $AEP

Farther Finance Advisors LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 49.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,351 shares of the company’s stock after purchasing an additional 5,374 shares during the quarter. Farther Finance Advisors LLC’s holdings in American Electric Power were worth $1,840,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Ieq Capital LLC increased its stake in American Electric Power by 90.1% during the 1st quarter. Ieq Capital LLC now owns 28,336 shares of the company’s stock worth $3,096,000 after buying an additional 13,434 shares during the period. CreativeOne Wealth LLC lifted its holdings in American Electric Power by 12.3% in the 1st quarter. CreativeOne Wealth LLC now owns 11,152 shares of the company’s stock worth $1,219,000 after buying an additional 1,218 shares in the last quarter. Truvestments Capital LLC lifted its holdings in American Electric Power by 54.1% in the 1st quarter. Truvestments Capital LLC now owns 2,099 shares of the company’s stock worth $229,000 after buying an additional 737 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in American Electric Power in the 1st quarter valued at about $233,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $115.67 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $61.78 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.61. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $124.80. 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 (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.00% and a net margin of 17.23%.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 earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

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

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 completion of the transaction, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,006 shares of company stock worth $1,883,522 in the last three months. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEP shares. Scotiabank lifted their target price on American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 16th. Morgan Stanley set a $120.00 price objective on American Electric Power in a report on Tuesday, December 16th. Cowen initiated coverage on American Electric Power in a research note on Wednesday, October 15th. They set a “buy” rating for the company. BTIG Research assumed coverage on shares of American Electric Power in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target 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.