SVB Wealth LLC Sells 5,166 Shares of American Electric Power Company, Inc. $AEP

SVB Wealth LLC cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 54.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,253 shares of the company’s stock after selling 5,166 shares during the quarter. SVB Wealth LLC’s holdings in American Electric Power were worth $441,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. L2 Asset Management LLC grew its stake in shares of American Electric Power by 5.2% during the 2nd quarter. L2 Asset Management LLC now owns 2,377 shares of the company’s stock worth $247,000 after acquiring an additional 117 shares in the last quarter. WINTON GROUP Ltd acquired a new position in American Electric Power during the second quarter worth $3,181,000. Ossiam boosted its holdings in American Electric Power by 2,374.0% during the second quarter. Ossiam now owns 2,573 shares of the company’s stock worth $267,000 after purchasing an additional 2,469 shares during the last quarter. Bank of Nova Scotia grew its position in American Electric Power by 30.6% in the second quarter. Bank of Nova Scotia now owns 109,471 shares of the company’s stock valued at $11,359,000 after purchasing an additional 25,639 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in American Electric Power by 20.0% in the 2nd quarter. Baker Avenue Asset Management LP now owns 2,709 shares of the company’s stock valued at $281,000 after buying an additional 452 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH increased their price target on American Electric Power from $108.50 to $124.50 and gave the company a “neutral” rating in a research report on Thursday, November 20th. Barclays upped their price objective on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. UBS Group increased their price objective on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.85.

American Electric Power Stock Performance

AEP opened at $116.07 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $124.80. The business has a 50 day moving average of $119.09 and a 200-day moving average of $111.49. The stock has a market cap of $61.99 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 3.02 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last posted 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 analyst estimates of $5.65 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm’s revenue 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. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Monday, November 10th. This is a boost 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%. American Electric Power’s payout ratio is currently 55.39%.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $121.58, for a total transaction of $607,900.00. Following the completion of the sale, the director directly owned 30,898 shares in the company, valued at $3,756,578.84. This trade represents a 13.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s 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 sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,006 shares of company stock valued at $1,851,422. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.