Werba Rubin Papier Wealth Management Takes Position in American Electric Power Company, Inc. $AEP

Werba Rubin Papier Wealth Management purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,144 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds have also modified their holdings of the stock. EQ Wealth Advisors LLC bought a new position in American Electric Power in the first quarter valued at approximately $25,000. Bayforest Capital Ltd bought a new position in American Electric Power in the first quarter valued at approximately $31,000. Missouri Trust & Investment Co bought a new position in American Electric Power in the second quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power in the first quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. bought a new position in American Electric Power in the first quarter valued at approximately $35,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Down 0.8%

AEP opened at $117.53 on Friday. The firm’s fifty day moving average is $111.76 and its two-hundred day moving average is $107.44. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market cap of $62.85 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 3.13 and a beta of 0.48. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $120.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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 analyst estimates of $4.85 billion. During the same period last year, the business posted $1.25 earnings per share. The firm’s quarterly 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. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed 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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of brokerages have issued reports on AEP. The Goldman Sachs Group raised their price objective on shares of American Electric Power from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Mizuho cut their target price on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Finally, Cowen started coverage on shares of American Electric Power in a report on Wednesday. They issued a “buy” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $119.26.

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.