American Electric Power Company, Inc. $AEP Shares Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 144.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,275 shares of the company’s stock after acquiring an additional 3,706 shares during the quarter. Journey Strategic Wealth LLC’s holdings in American Electric Power were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AEP. Advantage Trust Co increased its position in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. lifted its holdings in 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 buying an additional 176 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in American Electric Power during the first quarter worth approximately $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power in the 2nd quarter valued at $31,000. Finally, GoalVest Advisory LLC boosted its stake in American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $120.84 on Friday. The firm has a market capitalization of $64.54 billion, a P/E ratio of 17.62, a PEG ratio of 3.22 and a beta of 0.52. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $124.80. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average price of $116.36 and a 200 day moving average price of $109.99.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The business also recently announced 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. This represents a $3.80 dividend on an annualized basis 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 payout ratio is 55.39%.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Following the completion of the sale, the director directly owned 30,898 shares in the company, valued at $3,756,578.84. This trade represents a 13.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,006 shares of company stock worth $1,851,422. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several research analyst reports. LADENBURG THALM/SH SH increased their price objective on American Electric Power from $108.50 to $124.50 and gave the company a “neutral” rating in a report on Thursday. Cowen started coverage on American Electric Power in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Wells Fargo & Company upped their price target on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. UBS Group raised their price objective on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $125.85.

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.