Quotient Wealth Partners LLC Purchases 111 Shares of American Electric Power Company, Inc. $AEP

Quotient Wealth Partners LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,193 shares of the company’s stock after purchasing an additional 111 shares during the period. Quotient Wealth Partners LLC’s holdings in American Electric Power were worth $331,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new position in American Electric Power during the first quarter valued at $25,000. Bayforest Capital Ltd bought a new stake in shares of American Electric Power in the 1st quarter worth about $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power in the 2nd quarter worth about $31,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power in the 1st quarter worth about $33,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of American Electric Power in the 1st quarter worth about $35,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $117.53 on Friday. The company’s fifty day moving average price is $111.86 and its 200 day moving average price is $107.51. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $120.46. The company has a market capitalization of $62.85 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 3.10 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 (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion for 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%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

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

Insider Buying and Selling at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’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 transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,006 shares of company stock worth $1,243,522. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

AEP has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. Cowen started coverage on shares of American Electric Power in a research report on Wednesday. They issued a “buy” rating on the stock. The Goldman Sachs Group boosted their price objective on shares of American Electric Power from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Morgan Stanley cut their price target on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Evercore ISI assumed coverage on shares of American Electric Power in a research note on Monday, October 6th. They set an “outperform” rating and a $133.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $119.26.

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.