Kingswood Wealth Advisors LLC Increases Position in American Electric Power Company, Inc. $AEP

Kingswood Wealth Advisors LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 23.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,124 shares of the company’s stock after purchasing an additional 793 shares during the period. Kingswood Wealth Advisors LLC’s holdings in American Electric Power were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AEP. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $25,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the 1st quarter valued at $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power in the 2nd quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at $35,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.1%

Shares of American Electric Power stock opened at $117.04 on Friday. The company has a market cap of $62.59 billion, a P/E ratio of 17.11, a PEG ratio of 3.09 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 $119.06. The firm has a fifty day moving average of $111.44 and a two-hundred day moving average of $107.13.

American Electric Power (NASDAQ:AEP) last announced 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 during the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given 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 yield of 3.2%. American Electric Power’s dividend payout ratio is presently 54.39%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH lowered 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 report on Wednesday, September 10th. Mizuho decreased their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Jefferies Financial Group decreased 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 note on Thursday, September 11th. UBS Group increased their price target on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday. Finally, Raymond James Financial reiterated 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. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average target price of $114.50.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. 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.