Whittier Trust Co. Has $9.48 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Whittier Trust Co. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,373 shares of the company’s stock after purchasing an additional 6,054 shares during the period. Whittier Trust Co.’s holdings in American Electric Power were worth $9,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power in the second quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the first quarter worth $33,000. IMA Advisory Services Inc. acquired a new stake in shares of American Electric Power in the first quarter worth $35,000. Finally, North Capital Inc. acquired a new stake in shares of American Electric Power in the first quarter worth $39,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 0.3%

Shares of AEP stock opened at $117.43 on Wednesday. The stock has a market cap of $62.80 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 3.11 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 $120.46. The stock has a fifty day moving average price of $112.08 and a 200 day moving average price of $107.66. 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 issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated 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 directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 completion of the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,006 shares of company stock valued at $1,243,522. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several research analyst reports. LADENBURG THALM/SH SH lowered their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. 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 note on Tuesday, September 16th. Evercore ISI initiated coverage on shares of American Electric Power in a research note on Monday, October 6th. They issued an “outperform” rating and a $133.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $119.26.

American Electric Power Company 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.