American Electric Power Company, Inc. $AEP Shares Acquired by Quent Capital LLC

Quent Capital LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,653 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Quent Capital LLC’s holdings in American Electric Power were worth $275,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AEP. EQ Wealth Advisors LLC purchased a new position in American Electric Power during the first quarter worth about $25,000. Bank of New Hampshire purchased a new position in American Electric Power during the first quarter worth about $28,000. Bayforest Capital Ltd purchased a new position in American Electric Power during the first quarter worth about $31,000. Missouri Trust & Investment Co purchased a new position in American Electric Power during the second quarter worth about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in American Electric Power during the first quarter worth about $33,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on 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 transaction, the director owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Jefferies Financial Group cut their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. LADENBURG THALM/SH SH cut their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Scotiabank raised their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Barclays raised their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Six 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 presently has a consensus rating of “Hold” and a consensus price target of $111.63.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $114.06 on Friday. The company has a market cap of $61.00 billion, a P/E ratio of 16.68, a PEG ratio of 3.02 and a beta of 0.48. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The business’s 50-day simple moving average is $110.87 and its 200 day simple moving average is $106.70.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, 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 Announces Dividend

The firm 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 was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power’s payout ratio is currently 54.39%.

American Electric Power 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.