Bryn Mawr Trust Advisors LLC Purchases New Position in American Electric Power Company, Inc. $AEP

Bryn Mawr Trust Advisors LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,488 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEP. Nuveen LLC acquired a new position in shares of American Electric Power during the first quarter worth $568,042,000. GQG Partners LLC grew its position in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP increased its holdings in American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. Ghisallo Capital Management LLC acquired a new position in American Electric Power in the 1st quarter worth about $153,524,000. Finally, Burkehill Global Management LP bought a new position in American Electric Power in the first quarter valued at about $120,197,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley boosted their price target on American Electric Power from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Mizuho lifted their target price on shares of American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Finally, Scotiabank lifted their price target on shares of American Electric Power from $114.00 to $121.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.50.

Insider Activity

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s 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 sale, the director directly owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. This trade represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is owned by corporate insiders.

American Electric Power Trading Up 1.6%

NASDAQ:AEP opened at $121.43 on Friday. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $122.85. 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’s fifty day moving average is $113.74 and its 200-day moving average is $108.98. The firm has a market cap of $65.00 billion, a P/E ratio of 17.70, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced 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). The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.American Electric Power’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) 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.