American Electric Power Company, Inc. $AEP Holdings Raised by Marino Stram & Associates LLC

Marino Stram & Associates LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,184 shares of the company’s stock after acquiring an additional 597 shares during the period. Marino Stram & Associates LLC’s holdings in American Electric Power were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEP. Clarius Group LLC lifted its position in shares of American Electric Power by 2.5% in the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after acquiring an additional 95 shares during the period. McIlrath & Eck LLC raised its stake 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 purchasing an additional 99 shares in the last quarter. Personal CFO Solutions LLC lifted its position in American Electric Power by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after purchasing an additional 103 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in American Electric Power by 1.8% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after buying an additional 104 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its stake in American Electric Power by 0.4% during the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company’s stock worth $2,683,000 after buying an additional 108 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 2.5%

NASDAQ AEP opened at $112.50 on Wednesday. The stock’s 50 day simple moving average is $110.61 and its 200 day simple moving average is $106.55. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The firm has a market cap of $60.16 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.91 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s dividend payout ratio is currently 54.39%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AEP. Barclays increased 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. Jefferies Financial Group dropped their price target on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Raymond James Financial restated an “outperform” rating and set a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. UBS Group lifted their price objective on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a report on Thursday, July 31st. Finally, 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 report on Wednesday, September 10th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus price target of $111.63.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were 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 in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.