Sonora Investment Management Group LLC Increases Holdings in American Electric Power Company, Inc. $AEP

Sonora Investment Management Group LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,099 shares of the company’s stock after acquiring an additional 503 shares during the quarter. Sonora Investment Management Group LLC’s holdings in American Electric Power were worth $322,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AEP. Brighton Jones LLC boosted its stake in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares in the last quarter. Versant Capital Management Inc lifted its stake in American Electric Power by 200.6% in the 1st quarter. Versant Capital Management Inc now owns 1,626 shares of the company’s stock valued at $178,000 after buying an additional 1,085 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in American Electric Power by 7.2% in the 1st quarter. AdvisorNet Financial Inc now owns 3,961 shares of the company’s stock valued at $433,000 after buying an additional 265 shares in the last quarter. GAMMA Investing LLC lifted its stake in American Electric Power by 13,499.5% in the 1st quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company’s stock valued at $234,954,000 after buying an additional 2,134,404 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in American Electric Power by 19.6% in the 1st quarter. Parallel Advisors LLC now owns 9,402 shares of the company’s stock valued at $1,027,000 after buying an additional 1,544 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $109.14 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The firm has a 50-day moving average of $110.54 and a two-hundred day moving average of $106.48. The stock has a market cap of $58.37 billion, a P/E ratio of 15.96, a PEG ratio of 2.89 and a beta of 0.46. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion during 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

AEP has been the topic of a number of recent research reports. UBS Group upped their target price on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a research note on Thursday, July 31st. Morgan Stanley reduced their target price on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays increased their price target on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Scotiabank lifted their price objective on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group lowered their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.63.

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.