McElhenny Sheffield Capital Management LLC Takes $214,000 Position in American Electric Power Company, Inc. $AEP

McElhenny Sheffield Capital Management LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,062 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also made changes to their positions in AEP. EQ Wealth Advisors LLC purchased a new position in shares of American Electric Power in the first quarter valued at $25,000. Bayforest Capital Ltd purchased a new position in shares of American Electric Power in the first quarter valued at $31,000. Missouri Trust & Investment Co purchased a new position in shares of American Electric Power in the second quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power in the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power in the first quarter valued at $35,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEP. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday. Scotiabank lifted their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Jefferies Financial Group dropped their price objective on 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. UBS Group lifted their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research report on Thursday, July 31st. Finally, 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 report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.10.

American Electric Power Stock Down 1.1%

AEP opened at $116.91 on Friday. The stock has a market capitalization of $62.52 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 3.12 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $119.06. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The business has a 50-day moving average of $111.37 and a two-hundred day moving average of $107.03.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share 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 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 company’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 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share 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 $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power 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 transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The shares were 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 directly owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

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.