Good Steward Wealth Advisors LLC Has $363,000 Stock Holdings in American Electric Power Company, Inc. $AEP

Good Steward Wealth Advisors LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 32.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,502 shares of the company’s stock after selling 1,645 shares during the quarter. Good Steward Wealth Advisors LLC’s holdings in American Electric Power were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AEP. Nuveen LLC acquired a new stake in American Electric Power during the 1st quarter valued at $568,042,000. GQG Partners LLC lifted its holdings in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP lifted its holdings in American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after purchasing an additional 4,323,569 shares during the last quarter. GAMMA Investing LLC lifted its holdings in American Electric Power by 13,499.5% during the 1st quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company’s stock valued at $234,954,000 after purchasing an additional 2,134,404 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of American Electric Power by 4,567.3% during the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock worth $192,827,000 after buying an additional 1,726,868 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares in the company, valued at $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Stock Up 0.7%

AEP stock opened at $109.46 on Friday. The company has a market cap of $58.54 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.88 and a beta of 0.46. The business has a 50-day simple moving average of $110.03 and a 200 day simple moving average of $106.26. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

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

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AEP. Barclays lifted their target price on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Mizuho set a $116.00 target price on American Electric Power and gave the stock a “neutral” rating in a report on Thursday, July 31st. Morgan Stanley reissued an “overweight” rating on shares of American Electric Power in a report on Thursday, August 21st. UBS Group lifted their target price on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Thursday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating and set a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.93.

American Electric Power Company 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.