Sagespring Wealth Partners LLC Buys 1,028 Shares of American Electric Power Company, Inc. $AEP

Sagespring Wealth Partners LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,643 shares of the company’s stock after buying an additional 1,028 shares during the period. Sagespring Wealth Partners LLC’s holdings in American Electric Power were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EQ Wealth Advisors LLC bought a new position in American Electric Power during the 1st quarter worth approximately $25,000. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power during the first quarter worth $31,000. Missouri Trust & Investment Co bought a new position in American Electric Power during the second quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power in the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new position in American Electric Power in the first quarter valued at $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $117.52, for a total transaction of $587,600.00. Following the transaction, the director owned 35,898 shares of the company’s stock, valued at $4,218,732.96. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,006 shares of company stock worth $1,243,522 in the last 90 days. 0.07% of the stock is currently owned by company insiders.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $118.38 on Wednesday. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $119.06. The stock’s 50 day moving average is $111.58 and its 200-day moving average is $107.31. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $63.31 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 3.09 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. American Electric Power’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.1%. American Electric Power’s payout ratio is presently 54.39%.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent analyst reports. Mizuho decreased their price target on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Raymond James Financial reaffirmed an “outperform” rating and set a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Barclays boosted their price target on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Tuesday. Scotiabank increased their price target on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Morgan Stanley lowered 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. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.90.

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.