Clarity Financial LLC Raises Stake in American Electric Power Company, Inc. $AEP

Clarity Financial LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,753 shares of the company’s stock after buying an additional 394 shares during the quarter. Clarity Financial LLC’s holdings in American Electric Power were worth $493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $25,000. Bank of New Hampshire acquired a new position in American Electric Power in the first quarter valued at $28,000. Bayforest Capital Ltd acquired a new position in American Electric Power in the first quarter valued at $31,000. Missouri Trust & Investment Co acquired a new position in American Electric Power in the second quarter valued at $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power in the first quarter valued at $33,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research analyst reports. UBS Group lifted their target price on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a report on Thursday, July 31st. Morgan Stanley decreased their price objective on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Mizuho decreased their price objective on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Raymond James Financial reiterated an “outperform” rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Five investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.63.

American Electric Power Trading Up 0.2%

NASDAQ AEP opened at $112.75 on Thursday. The company’s fifty day simple moving average is $110.69 and its 200-day simple moving average is $106.59. 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 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 cap of $60.30 billion, a P/E ratio of 16.48, a PEG ratio of 2.98 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last posted 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 analysts’ expectations of $4.85 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The business’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 research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced 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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio 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 business’s stock in a transaction 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 transaction, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.

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.