American Electric Power Company, Inc. $AEP Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,576 shares of the company’s stock after purchasing an additional 4,320 shares during the quarter. Soltis Investment Advisors LLC’s holdings in American Electric Power were worth $6,908,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. increased its holdings in American Electric Power by 2.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after purchasing an additional 91 shares during the last quarter. Eagle Strategies LLC lifted its position in American Electric Power by 1.7% in the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after acquiring an additional 94 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock valued at $344,000 after buying an additional 99 shares during the last quarter. Advantage Trust Co raised its holdings 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 during the last quarter. Finally, Taylor Financial Group Inc. raised its holdings in American Electric Power by 1.9% during the second quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock worth $558,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

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, October 10th. The shares were sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director owned 35,898 shares in the company, valued at $4,218,732.96. This represents a 12.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred 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. The trade was a 15.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,006 shares of company stock valued at $1,243,522. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several recent analyst reports. Barclays upped their target price on shares of American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Morgan Stanley lifted their price target on shares of American Electric Power from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. BMO Capital Markets set a $126.00 target price on shares of American Electric Power in a report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective 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. Finally, LADENBURG THALM/SH SH dropped 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 research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.50.

American Electric Power Trading Down 0.4%

Shares of NASDAQ:AEP opened at $119.76 on Thursday. The firm has a market cap of $64.10 billion, a P/E ratio of 17.46, a P/E/G ratio of 3.22 and a beta of 0.48. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $122.85. 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 company has a 50 day moving average of $113.38 and a 200-day moving average of $108.79.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm 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%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is currently 55.39%.

About American Electric Power

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.