Mutual Advisors LLC Purchases 1,508 Shares of American Electric Power Company, Inc. $AEP

Mutual Advisors LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 16.4% during the second quarter, HoldingsChannel reports. The firm owned 10,700 shares of the company’s stock after buying an additional 1,508 shares during the quarter. Mutual Advisors LLC’s holdings in American Electric Power were worth $1,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AEP. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power in the first quarter valued at approximately $25,000. Bayforest Capital Ltd bought a new position in shares of American Electric Power in the first quarter valued at approximately $31,000. Missouri Trust & Investment Co bought a new position in shares of American Electric Power in the second quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power in the first quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. bought a new position in American Electric Power during the first quarter worth $35,000. Institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the completion of the sale, the director owned 35,898 shares in the company, valued at $4,218,732.96. This represents a 12.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,006 shares of company stock worth $1,243,522 in the last 90 days. 0.07% of the stock is owned by corporate insiders.

American Electric Power Price Performance

AEP opened at $117.53 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $120.46. 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’s fifty day moving average price is $111.86 and its two-hundred day moving average price is $107.51. The company has a market capitalization of $62.85 billion, a P/E ratio of 17.18, a P/E/G ratio of 3.10 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. The business’s revenue 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. On average, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced 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 was Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AEP. Barclays boosted their target price on shares of American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Tuesday. BMO Capital Markets boosted their target price on shares of American Electric Power from $121.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on shares of American Electric Power from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Finally, Mizuho dropped their target price 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. Ten 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $119.26.

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.