Crewe Advisors LLC Increases Stock Position in American Electric Power Company, Inc. $AEP

Crewe Advisors LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 37.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 965 shares of the company’s stock after buying an additional 265 shares during the quarter. Crewe Advisors LLC’s holdings in American Electric Power were worth $100,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares during the period. GAMMA Investing LLC boosted its position in American Electric Power by 24.5% during the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after purchasing an additional 3,867 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after purchasing an additional 430 shares during the last quarter. Advisor Resource Council bought a new position in American Electric Power in the first quarter worth about $296,000. Finally, Stonegate Investment Group LLC raised its holdings in American Electric Power by 14.9% in the first quarter. Stonegate Investment Group LLC now owns 7,371 shares of the company’s stock worth $805,000 after purchasing an additional 956 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $117.53 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $120.46. The firm has a market capitalization of $62.85 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 3.10 and a beta of 0.48. The firm’s 50 day simple moving average is $111.86 and its two-hundred day simple moving average is $107.49.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping 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%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio is currently 54.39%.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,006 shares of company stock worth $1,243,522 over the last three months. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

AEP has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH lowered their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Evercore ISI started coverage on shares of American Electric Power in a research report on Monday, October 6th. They set an “outperform” rating and a $133.00 target price for the company. UBS Group lifted their price target on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Finally, Mizuho decreased their price objective 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. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.