Compound Planning Inc. Has $922,000 Stake in American Electric Power Company, Inc. $AEP

Compound Planning Inc. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,434 shares of the company’s stock after buying an additional 1,109 shares during the period. Compound Planning Inc.’s holdings in American Electric Power were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Brighton Jones LLC raised its position in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of American Electric Power by 28.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,299 shares of the company’s stock valued at $304,000 after buying an additional 738 shares in the last quarter. Dark Forest Capital Management LP raised its position in shares of American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company’s stock valued at $418,000 after buying an additional 103 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of American Electric Power by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 763,780 shares of the company’s stock valued at $70,444,000 after buying an additional 13,684 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of American Electric Power by 323.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 42,114 shares of the company’s stock valued at $3,884,000 after buying an additional 32,158 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEP. Scotiabank lifted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Citigroup lifted their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Morgan Stanley decreased their price objective on shares of American Electric Power from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Finally, Guggenheim lifted their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $111.29.

American Electric Power Stock Performance

NASDAQ AEP opened at $114.02 on Friday. The firm’s fifty day moving average price is $107.77 and its two-hundred day moving average price is $105.53. The stock has a market cap of $60.98 billion, a PE ratio of 16.67, a PEG ratio of 3.03 and a beta of 0.40. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power’s payout ratio is presently 54.39%.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, the executive vice president owned 10,274 shares of the company’s stock, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 24,173 shares of company stock worth $2,467,015 over the last quarter. Insiders own 0.07% of the company’s stock.

About American Electric Power

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.