W.H. Cornerstone Investments Inc. Buys 1,467 Shares of American Electric Power Company, Inc. $AEP

W.H. Cornerstone Investments Inc. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.5% during the second quarter, HoldingsChannel reports. The fund owned 10,943 shares of the company’s stock after buying an additional 1,467 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in American Electric Power were worth $1,135,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AEP. Advantage Trust Co lifted its stake in shares of American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in shares of American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in American Electric Power during the first quarter valued at about $31,000. Missouri Trust & Investment Co purchased a new position in American Electric Power during the 2nd quarter valued at about $31,000. Finally, GoalVest Advisory LLC raised its position in American Electric Power by 277.1% during the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after purchasing an additional 230 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.4%

AEP traded down $0.51 during midday trading on Thursday, reaching $122.17. 288,703 shares of the company were exchanged, compared to its average volume of 3,523,763. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $123.31. The stock’s 50-day simple moving average is $114.48 and its 200 day simple moving average is $109.31. The stock has a market capitalization of $65.25 billion, a P/E ratio of 17.81, a PEG ratio of 3.22 and a beta of 0.52. 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 (NASDAQ:AEP) last announced its quarterly 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 net margin of 17.23% and a return on equity of 11.29%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the firm posted $1.85 EPS. The business’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. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AEP shares. BTIG Research began coverage on shares of American Electric Power in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. BMO Capital Markets set a $126.00 price target on shares of American Electric Power in a research note on Thursday, October 30th. LADENBURG THALM/SH SH reduced their target price on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. TD Cowen raised American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company lifted their price target on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders 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 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.