Marion Wealth Management Buys 789 Shares of American Electric Power Company, Inc. $AEP

Marion Wealth Management increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,778 shares of the company’s stock after purchasing an additional 789 shares during the period. Marion Wealth Management’s holdings in American Electric Power were worth $1,015,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AEP. Brighton Jones LLC increased its position in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the period. Silver Oak Securities Incorporated increased its stake in American Electric Power by 27.1% in the first quarter. Silver Oak Securities Incorporated now owns 2,054 shares of the company’s stock valued at $220,000 after acquiring an additional 438 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in American Electric Power by 5.9% in the first quarter. OneDigital Investment Advisors LLC now owns 12,547 shares of the company’s stock valued at $1,371,000 after acquiring an additional 694 shares during the last quarter. Chilton Capital Management LLC bought a new position in American Electric Power in the first quarter valued at approximately $51,000. Finally, Penserra Capital Management LLC increased its stake in American Electric Power by 460.1% in the first quarter. Penserra Capital Management LLC now owns 7,808 shares of the company’s stock valued at $852,000 after acquiring an additional 6,414 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEP. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a research note on Thursday. BTIG Research began coverage on shares of American Electric Power in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. Scotiabank lifted their price objective on shares of American Electric Power from $114.00 to $121.00 and gave the company a “sector perform” rating in a research note on Thursday. Cowen began coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets set a $126.00 price objective on shares of American Electric Power in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

American Electric Power Stock Performance

NASDAQ AEP opened at $119.92 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $122.85. The stock has a market cap of $64.19 billion, a PE ratio of 17.48, a PEG ratio of 3.22 and a beta of 0.48. The firm’s fifty day moving average price is $113.09 and its two-hundred day moving average price is $108.62.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $5.65 billion. During the same period in the prior year, the firm earned $1.85 EPS. The business’s revenue for the quarter 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, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. American Electric Power’s payout ratio is presently 55.39%.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $117.52, for a total value of $587,600.00. Following the sale, 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 document filed with the SEC, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is currently owned by 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.