American Electric Power Company, Inc. $AEP Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,810 shares of the company’s stock after selling 983 shares during the period. Texas Yale Capital Corp.’s holdings in American Electric Power were worth $1,122,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Brown Advisory Inc. increased its position in shares of American Electric Power by 5.7% in the first quarter. Brown Advisory Inc. now owns 21,930 shares of the company’s stock valued at $2,396,000 after buying an additional 1,191 shares in the last quarter. Greenleaf Trust raised its stake in shares of American Electric Power by 4.2% during the 1st quarter. Greenleaf Trust now owns 10,152 shares of the company’s stock worth $1,109,000 after buying an additional 406 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of American Electric Power by 20.4% in the 1st quarter. Leavell Investment Management Inc. now owns 3,804 shares of the company’s stock worth $416,000 after buying an additional 644 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of American Electric Power by 4.1% in the 1st quarter. Allworth Financial LP now owns 16,221 shares of the company’s stock worth $1,731,000 after buying an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other news, 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 directly owned 35,898 shares of the company’s stock, valued at $4,218,732.96. The trade was a 12.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,006 shares of company stock worth $1,243,522 over the last three months. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 1.6%

Shares of American Electric Power stock opened at $121.43 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $122.85. The business’s fifty day moving average is $113.74 and its two-hundred day moving average is $108.97. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a market cap of $65.00 billion, a PE ratio of 17.70, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the firm earned $1.85 EPS. American Electric Power’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share 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. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is currently 55.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AEP shares. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. BMO Capital Markets set a $126.00 price objective on American Electric Power in a research report on Thursday, October 30th. Morgan Stanley upped their target price on American Electric Power from $123.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Citigroup raised their price target on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

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.