Trust Co. of Toledo NA OH Acquires 828 Shares of American Electric Power Company, Inc. $AEP

Trust Co. of Toledo NA OH increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 19,841 shares of the company’s stock after acquiring an additional 828 shares during the period. Trust Co. of Toledo NA OH’s holdings in American Electric Power were worth $2,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kingswood Wealth Advisors LLC lifted its holdings in shares of American Electric Power by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock worth $364,000 after buying an additional 430 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of American Electric Power in the 1st quarter worth $262,000. Venture Visionary Partners LLC lifted its holdings in shares of American Electric Power by 7.3% in the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after buying an additional 4,616 shares during the period. Robertson Stephens Wealth Management LLC purchased a new stake in shares of American Electric Power in the 1st quarter worth $205,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of American Electric Power in the 2nd quarter worth $7,722,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of several research reports. Jefferies Financial Group cut 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 report on Thursday, September 11th. Morgan Stanley dropped their target price on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Mizuho dropped their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. UBS Group increased their target price on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research report on Friday. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $122.00 target price (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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $114.50.

American Electric Power Stock Performance

Shares of AEP opened at $117.04 on Friday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $119.06. The stock has a fifty day moving average price of $111.44 and a 200-day moving average price of $107.13. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The firm has a market cap of $62.59 billion, a PE ratio of 17.11, a P/E/G ratio of 3.09 and a beta of 0.48.

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

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio is currently 54.39%.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction 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 in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale can be found here. Company 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.