American Electric Power Company, Inc. $AEP Holdings Decreased by USA Financial Formulas

USA Financial Formulas decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 96.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 935 shares of the company’s stock after selling 28,396 shares during the period. USA Financial Formulas’ holdings in American Electric Power were worth $105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AEP. Douglas Lane & Associates LLC raised its stake in shares of American Electric Power by 36.9% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,955 shares of the company’s stock valued at $332,000 after acquiring an additional 797 shares in the last quarter. Trust Point Inc. bought a new stake in shares of American Electric Power during the 3rd quarter worth $332,000. Corsicana & Co. acquired a new position in American Electric Power in the 3rd quarter valued at $62,000. Clarity Financial LLC lifted its position in American Electric Power by 5.2% during the 3rd quarter. Clarity Financial LLC now owns 5,002 shares of the company’s stock worth $563,000 after acquiring an additional 249 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings in American Electric Power by 5.8% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 8,342 shares of the company’s stock valued at $938,000 after acquiring an additional 456 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets set a $126.00 target price on American Electric Power in a research note on Thursday, October 30th. Raymond James Financial reiterated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Williams Trading set a $137.00 target price on American Electric Power in a research report on Thursday. Finally, Evercore ISI reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.87.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,006 shares of company stock worth $1,883,522. Insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $114.49 on Monday. The firm’s 50 day simple moving average is $118.92 and its 200-day simple moving average is $112.17. 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 Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The firm has a market cap of $61.15 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.99 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data 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 return on equity of 11.00% and a net margin of 17.23%.The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $1.85 EPS. The firm’s revenue for the quarter 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. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $0.95 dividend. 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. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is currently 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.