NovaPoint Capital LLC Purchases Shares of 10,752 American Electric Power Company, Inc. $AEP

NovaPoint Capital LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,752 shares of the company’s stock, valued at approximately $1,210,000.

Several other large investors have also modified their holdings of AEP. Harbor Capital Advisors Inc. acquired a new stake in American Electric Power during the 3rd quarter worth $26,000. Advantage Trust Co boosted its stake in American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Montag A & Associates Inc. grew its holdings in shares of American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power during the first quarter worth about $31,000. Finally, Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power during the second quarter worth about $31,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEP. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Scotiabank boosted their price objective on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group raised their target price on shares of American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Williams Trading set a $137.00 target price on shares of American Electric Power in a report on Thursday, December 18th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.87.

American Electric Power Price Performance

American Electric Power stock opened at $115.67 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. The business has a 50 day simple moving average of $118.67 and a 200-day simple moving average of $112.57. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $124.80. The stock has a market capitalization of $61.78 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 3.02 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). The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $0.95 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, November 10th. American Electric Power’s dividend payout ratio is currently 55.39%.

Insider Transactions at American Electric Power

In other news, 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 transaction of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s 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 directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,006 shares of company stock valued at $1,883,522. 0.07% of the stock is owned by insiders.

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.