Verdence Capital Advisors LLC Acquires 114 Shares of American Electric Power Company, Inc. $AEP

Verdence Capital Advisors LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,973 shares of the company’s stock after purchasing an additional 114 shares during the period. Verdence Capital Advisors LLC’s holdings in American Electric Power were worth $1,657,000 at the end of the most recent reporting period.

Other hedge funds 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 worth $25,000. Bayforest Capital Ltd bought a new stake in shares of American Electric Power during the 1st quarter worth $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power during the 2nd quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power during the 1st quarter worth $33,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of American Electric Power during the 1st quarter worth $35,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.2%

Shares of AEP opened at $116.80 on Tuesday. The business’s 50-day moving average price is $111.48 and its 200-day moving average price is $107.23. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $119.06. The stock has a market cap of $62.46 billion, a PE ratio of 17.08, a P/E/G ratio of 3.09 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 business posted $1.25 earnings per share. The company’s 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 forecast that American Electric Power Company, Inc. will post 5.87 EPS 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 was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research reports. Mizuho lowered their price objective 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. UBS Group boosted their price objective on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday. Barclays boosted their price objective on American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Morgan Stanley lowered their price objective on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, LADENBURG THALM/SH SH lowered their price objective 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. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.50.

Insider Activity at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

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.