American Electric Power Company, Inc. $AEP Holdings Lowered by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 25.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,855 shares of the company’s stock after selling 633 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in American Electric Power were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new position in shares of American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new position in shares of American Electric Power in the second quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power in the first quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power in the first quarter worth approximately $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEP shares. Scotiabank lifted their target price on shares of 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. Evercore ISI started coverage on shares of American Electric Power in a research report on Monday, October 6th. They issued an “outperform” rating and a $133.00 target price on the stock. Morgan Stanley dropped their target price on shares of 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 lowered their price objective on shares of 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.50.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s 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 sale, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the director directly owned 40,898 shares in the company, 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. Insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $116.80 on Tuesday. The stock has a market cap of $62.46 billion, a P/E ratio of 17.08, a PEG 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. The company has a fifty day moving average price of $111.48 and a 200 day moving average price of $107.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41.

American Electric Power (NASDAQ:AEP) last released 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 firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. American Electric Power’s payout ratio is presently 54.39%.

About American Electric Power

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.