First Business Financial Services Inc. Invests $1.19 Million in American Electric Power Company, Inc. $AEP

First Business Financial Services Inc. acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,599 shares of the company’s stock, valued at approximately $1,192,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Family Investments Inc. acquired a new position in American Electric Power during the 2nd quarter worth about $256,000. Venture Visionary Partners LLC lifted its position in shares of American Electric Power by 7.3% during the second quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of American Electric Power by 9.0% during the second quarter. Apollon Wealth Management LLC now owns 26,240 shares of the company’s stock valued at $2,723,000 after purchasing an additional 2,175 shares during the last quarter. Invesco Ltd. increased its holdings in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares in the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in shares of American Electric Power in the third quarter valued at approximately $4,379,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AEP. Wells Fargo & Company increased their price objective on American Electric Power from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. Scotiabank upped their target price on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. Jefferies Financial Group upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and lifted their price target for the stock from $128.00 to $137.00 in a research report on Monday, November 17th. Finally, Morgan Stanley restated an “overweight” rating and issued a $125.00 price objective on shares of American Electric Power in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

American Electric Power Trading Down 0.2%

AEP opened at $118.98 on Thursday. The firm’s fifty day moving average is $117.73 and its two-hundred day moving average is $114.36. The firm has a market cap of $63.55 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63. American Electric Power Company, Inc. has a twelve month low of $96.85 and a twelve month 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 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 firm had revenue of $6.01 billion during 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%. American Electric Power’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.2%. American Electric Power’s payout ratio is presently 55.39%.

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.