Catalyst Capital Advisors LLC Has $128,000 Holdings in American Electric Power Company, Inc. $AEP

Catalyst Capital Advisors LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,238 shares of the company’s stock after selling 225 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in American Electric Power were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Strategies LLC boosted its position in American Electric Power by 1.7% during the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after acquiring an additional 94 shares during the period. McIlrath & Eck LLC boosted its position in American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after acquiring an additional 99 shares during the period. Advantage Trust Co boosted its position in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Personal CFO Solutions LLC boosted its position in American Electric Power by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after acquiring an additional 103 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its position in American Electric Power by 1.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after acquiring an additional 104 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEP has been the subject of a number of research reports. LADENBURG THALM/SH SH decreased their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. UBS Group raised their price target on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Mizuho cut their price target on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Barclays raised their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets raised their price target on American Electric Power from $121.00 to $127.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued 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 $119.74.

American Electric Power Stock Down 0.2%

Shares of AEP stock opened at $115.98 on Friday. The stock’s 50 day simple moving average is $112.31 and its 200 day simple moving average is $107.97. 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 Company, Inc. has a twelve month low of $89.91 and a twelve month high of $120.46. The company has a market capitalization of $62.02 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.06 and a beta of 0.48.

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

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is 54.39%.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were 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 in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,006 shares of company stock worth $1,243,522 over the last three months. 0.07% of the stock is owned by company insiders.

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.