GC Wealth Management RIA LLC Buys 3,457 Shares of American Electric Power Company, Inc. $AEP

GC Wealth Management RIA LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 184.1% during the second quarter, HoldingsChannel.com reports. The firm owned 5,335 shares of the company’s stock after purchasing an additional 3,457 shares during the quarter. GC Wealth Management RIA LLC’s holdings in American Electric Power were worth $554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC bought a new stake in shares of American Electric Power during the 1st quarter valued at $25,000. Bank of New Hampshire bought a new stake in shares of American Electric Power during the 1st quarter valued at $28,000. Bayforest Capital Ltd bought a new stake in shares of American Electric Power during the 1st quarter valued at $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power during the 2nd quarter valued at $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power during the 1st quarter valued at $33,000. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AEP. Jefferies Financial Group reduced their target price 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. Raymond James Financial restated an “outperform” rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Mizuho decreased their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. LADENBURG THALM/SH SH decreased their target price on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 10th. Finally, UBS Group upped their target price on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.63.

Insiders Place Their Bets

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

American Electric Power Price Performance

AEP opened at $112.50 on Wednesday. The stock has a 50-day moving average price of $110.61 and a 200-day moving average price of $106.55. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. 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 $60.16 billion, a P/E ratio of 16.45, a PEG ratio of 2.91 and a beta of 0.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the prior year, the business 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. Equities analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio is currently 54.39%.

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.