Wedmont Private Capital Boosts Holdings in American Electric Power Company, Inc. $AEP

Wedmont Private Capital increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.8% in the second quarter, Holdings Channel reports. The fund owned 7,384 shares of the company’s stock after purchasing an additional 719 shares during the quarter. Wedmont Private Capital’s holdings in American Electric Power were worth $773,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AEP. Secure Asset Management LLC raised its stake in American Electric Power by 10.1% in the 2nd quarter. Secure Asset Management LLC now owns 7,255 shares of the company’s stock valued at $753,000 after purchasing an additional 668 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Electric Power by 6.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 76,929 shares of the company’s stock worth $7,982,000 after purchasing an additional 4,851 shares during the last quarter. Signal Advisors Wealth LLC acquired a new stake in American Electric Power in the second quarter valued at $220,000. Focus Financial Network Inc. boosted its stake in shares of American Electric Power by 5.1% during the second quarter. Focus Financial Network Inc. now owns 5,093 shares of the company’s stock valued at $528,000 after acquiring an additional 248 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the sale, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho decreased their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday. Jefferies Financial Group cut their price target on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, September 11th. UBS Group increased their price objective on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a research report on Thursday, July 31st. LADENBURG THALM/SH SH lowered their target price on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Finally, Raymond James Financial restated an “outperform” rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, nine 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 price target of $111.50.

American Electric Power Stock Up 0.6%

AEP opened at $107.06 on Friday. The company has a market cap of $57.25 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.82 and a beta of 0.46. The business’s 50-day moving average price is $110.29 and its 200-day moving average price is $106.31. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. 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 year.

American Electric Power Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is 54.39%.

American Electric Power 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.