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 that occurred on Friday, September 12th. The shares were 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 trade 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 through this hyperlink.

American Electric Power Trading Up 0.6%

Shares of AEP stock opened at $107.52 on Thursday. The stock has a market cap of $57.50 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 2.83 and a beta of 0.46. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The firm’s 50 day moving average price is $110.24 and its two-hundred day moving average price is $106.30.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. American Electric Power’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.5%. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

Institutional Investors Weigh In On American Electric Power

Institutional investors have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC lifted its holdings in American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock worth $364,000 after purchasing an additional 430 shares during the period. Ritholtz Wealth Management acquired a new stake in American Electric Power in the first quarter worth about $262,000. Robertson Stephens Wealth Management LLC acquired a new stake in American Electric Power in the first quarter worth about $205,000. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 3,867 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in American Electric Power by 26.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company’s stock worth $38,848,000 after acquiring an additional 73,488 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of a number of analyst reports. Scotiabank lifted their price objective on shares of 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. Jefferies Financial Group dropped their price objective on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Raymond James Financial reiterated an “outperform” rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Barclays lifted their price objective on shares of 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. Finally, Mizuho dropped their price objective on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.50.

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.