Ashton Thomas Private Wealth LLC Buys Shares of 2,313 American Electric Power Company, Inc. $AEP

Ashton Thomas Private Wealth LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,313 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also recently made changes to their positions in the company. Advantage Trust Co raised its position in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of American Electric Power in the 1st quarter worth $31,000. Missouri Trust & Investment Co bought a new position in shares of American Electric Power in the 2nd quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power in the 1st quarter worth $33,000. Finally, IMA Advisory Services Inc. bought a new position in shares of American Electric Power in the 1st quarter worth $35,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Down 1.3%

Shares of AEP stock opened at $120.26 on Friday. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $122.85. The stock’s fifty day moving average price is $112.95 and its 200 day moving average price is $108.52. 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 company has a market cap of $64.31 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $0.95 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AEP. LADENBURG THALM/SH SH reduced their price target 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. Cowen began coverage on American Electric Power in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday. Finally, Barclays boosted their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.50.

Insider Activity

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $117.52, for a total value of $587,600.00. Following the sale, the director owned 35,898 shares in the company, valued at approximately $4,218,732.96. The trade was a 12.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 11,006 shares of company stock worth $1,243,522. Company insiders own 0.07% of the company’s stock.

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.