Commonwealth Financial Services LLC Acquires 247 Shares of American Electric Power Company, Inc. $AEP

Commonwealth Financial Services LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,551 shares of the company’s stock after buying an additional 247 shares during the period. Commonwealth Financial Services LLC’s holdings in American Electric Power were worth $1,925,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in American Electric Power by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock worth $5,711,519,000 after buying an additional 579,175 shares during the period. Wellington Management Group LLP increased its position in American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after buying an additional 4,323,569 shares during the period. GQG Partners LLC increased its position in American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after buying an additional 4,570,941 shares during the period. Northern Trust Corp grew its holdings in shares of American Electric Power by 8.0% during the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock worth $572,332,000 after purchasing an additional 386,518 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $568,042,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AEP shares. Barclays lifted 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. UBS Group lifted their price objective on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a report on Friday. Mizuho decreased their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Morgan Stanley decreased their price objective on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Evercore ISI started coverage on American Electric Power in a report on Monday, October 6th. They set an “outperform” rating and a $133.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.50.

American Electric Power Price Performance

Shares of AEP stock opened at $117.04 on Friday. The stock’s fifty day simple moving average is $111.44 and its 200 day simple moving average is $107.15. 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 firm has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 3.09 and a beta of 0.48. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $119.06.

American Electric Power (NASDAQ:AEP) last announced its quarterly 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 analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.American Electric Power’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous 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 expect 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 announced 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 presently 54.39%.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at $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 is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following 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 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.