GW Henssler & Associates Ltd. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,595 shares of the company’s stock after acquiring an additional 4,906 shares during the quarter. American Electric Power makes up 1.7% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 12th biggest holding. GW Henssler & Associates Ltd.’s holdings in American Electric Power were worth $32,020,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in AEP. Brighton Jones LLC raised its holdings 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 acquiring an additional 1,095 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of American Electric Power in the first quarter worth $214,000. GAMMA Investing LLC raised its holdings in shares of American Electric Power by 24.5% in the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock worth $2,150,000 after acquiring an additional 3,867 shares during the last quarter. Simplicity Wealth LLC acquired a new position in shares of American Electric Power in the first quarter worth $213,000. Finally, Simon Quick Advisors LLC raised its holdings in shares of American Electric Power by 31.9% in the first quarter. Simon Quick Advisors LLC now owns 5,673 shares of the company’s stock worth $620,000 after acquiring an additional 1,373 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at American Electric Power
In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.
American Electric Power Price Performance
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is 54.39%.
Analysts Set New Price Targets
Several equities analysts recently commented on AEP shares. Barclays upped their target price on American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. LADENBURG THALM/SH SH dropped their target price on 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. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday. Scotiabank upped their target price on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Electric Power currently has an average rating of “Hold” and a consensus price target of $114.50.
View Our Latest Stock Report on American Electric Power
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.
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