American Electric Power Company, Inc. $AEP Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 333.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,529 shares of the company’s stock after purchasing an additional 7,333 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in American Electric Power were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AEP. Advantage Trust Co raised its stake in shares of 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 buying an additional 100 shares during the period. Montag A & Associates Inc. increased its holdings in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. Bayforest Capital Ltd acquired a new position in American Electric Power during the first quarter worth $31,000. Missouri Trust & Investment Co purchased a new position in American Electric Power during the second quarter valued at $31,000. Finally, Osterweis Capital Management Inc. grew its position in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AEP shares. Wells Fargo & Company upped their price target on shares of American Electric Power from $132.00 to $139.00 in a research report on Thursday, October 30th. Citigroup increased their target price on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. BTIG Research began coverage on American Electric Power in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. increased their price objective on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Cowen initiated coverage on American Electric Power in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.87.

Insider Activity

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the 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 completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred 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 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,006 shares of company stock worth $1,883,522 over the last quarter. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $114.49 on Friday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The company has a market cap of $61.15 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 3.02 and a beta of 0.61. 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 business’s 50 day moving average price is $118.92 and its 200 day moving average price is $112.03.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The firm’s quarterly 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, research analysts predict 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. Shareholders of record on Monday, November 10th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, November 10th. American Electric Power’s payout ratio is presently 55.39%.

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.