Benjamin Fowke III Sells 5,000 Shares of American Electric Power (NASDAQ:AEP) Stock

American Electric Power Company, Inc. (NASDAQ:AEP) Director Benjamin Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, November 14th. The shares were sold at an average price of $121.58, for a total transaction of $607,900.00. Following the completion of the transaction, the director owned 30,898 shares in the company, valued at approximately $3,756,578.84. This trade represents a 13.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American Electric Power Trading Down 0.2%

AEP stock opened at $123.51 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The company has a market cap of $65.97 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 3.22 and a beta of 0.52. The business has a fifty day simple moving average of $115.62 and a 200-day simple moving average of $109.73. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $124.80.

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). The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. American Electric Power’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $0.95 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio is currently 55.39%.

Institutional Investors Weigh In On American Electric Power

A number of large investors have recently added to or reduced their stakes in the company. PFG Investments LLC boosted its holdings in shares of American Electric Power by 0.3% during the third quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after purchasing an additional 83 shares during the period. Strategic Advisors LLC boosted its stake in shares of American Electric Power by 0.3% during the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after buying an additional 87 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of American Electric Power by 16.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after buying an additional 88 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of American Electric Power by 12.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after acquiring an additional 89 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA increased its position in American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock worth $159,000 after purchasing an additional 90 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on AEP shares. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Cowen initiated coverage on shares of American Electric Power in a report on Wednesday, October 15th. They set a “buy” rating on the stock. LADENBURG THALM/SH SH lowered 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. Finally, The Goldman Sachs Group raised their price objective on American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.03.

American Electric Power Company 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.