Bay Colony Advisory Group Inc d b a Bay Colony Advisors Lowers Stock Position in American Electric Power Company, Inc. $AEP

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 63.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,844 shares of the company’s stock after selling 10,073 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in American Electric Power were worth $606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in American Electric Power by 1.1% during the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock valued at $5,711,519,000 after buying an additional 579,175 shares during the period. Wellington Management Group LLP increased its holdings in shares of American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after acquiring an additional 4,323,569 shares in the last quarter. GQG Partners LLC increased its holdings in shares of American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Northern Trust Corp increased its holdings in shares of American Electric Power by 8.0% during the first quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock valued at $572,332,000 after acquiring an additional 386,518 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of American Electric Power during the first quarter valued at $568,042,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AEP. Morgan Stanley raised their price target on American Electric Power from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. LADENBURG THALM/SH SH reduced their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. UBS Group raised their price target on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. BMO Capital Markets set a $126.00 price target on American Electric Power in a report on Thursday. Finally, Cowen initiated coverage on American Electric Power in a report on Wednesday, October 15th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.50.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $117.52, for a total transaction of $587,600.00. Following the completion of the sale, the director directly owned 35,898 shares in the company, valued at $4,218,732.96. The trade was a 12.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were 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 approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,006 shares of company stock valued at $1,243,522. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $120.26 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $122.85. The business has a 50-day simple moving average of $112.95 and a two-hundred day simple moving average of $108.50. 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 $64.31 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period last year, the firm posted $1.85 EPS. American Electric Power’s quarterly revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is presently 55.39%.

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.