American Electric Power Company, Inc. $AEP Stock Holdings Increased by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 123.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,956 shares of the company’s stock after purchasing an additional 1,632 shares during the quarter. Opal Wealth Advisors LLC’s holdings in American Electric Power were worth $307,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in American Electric Power by 11.5% during 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. Tidal Investments LLC boosted its holdings in American Electric Power by 14.8% during the fourth quarter. Tidal Investments LLC now owns 10,827 shares of the company’s stock valued at $999,000 after purchasing an additional 1,393 shares in the last quarter. Two Sigma Investments LP boosted its holdings in American Electric Power by 168.7% during the fourth quarter. Two Sigma Investments LP now owns 57,818 shares of the company’s stock valued at $5,333,000 after purchasing an additional 36,298 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $2,121,000. Finally, Vise Technologies Inc. boosted its holdings in shares of American Electric Power by 43.4% in the 4th quarter. Vise Technologies Inc. now owns 5,340 shares of the company’s stock worth $493,000 after acquiring an additional 1,617 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AEP. Morgan Stanley reiterated an “overweight” rating on shares of American Electric Power in a research report on Thursday, August 21st. Barclays upped their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Scotiabank raised their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. LADENBURG THALM/SH SH reduced their price target on shares of 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, Jefferies Financial Group cut their target price on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.50.

American Electric Power Stock Down 0.0%

Shares of NASDAQ AEP opened at $107.05 on Tuesday. The firm’s 50-day moving average price is $110.33 and its 200-day moving average price is $106.37. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.83 and a beta of 0.46. 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 issued 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 net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts anticipate 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 was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. American Electric Power’s dividend payout ratio (DPR) is 54.39%.

Insider Buying and Selling at American Electric Power

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, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.