Dorsey Wright & Associates Makes New Investment in American Electric Power Company, Inc. $AEP

Dorsey Wright & Associates acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,057 shares of the company’s stock, valued at approximately $317,000.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings 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 during the period. Crestwood Advisors Group LLC raised its stake in American Electric Power by 6.6% in the first quarter. Crestwood Advisors Group LLC now owns 8,445 shares of the company’s stock valued at $923,000 after buying an additional 525 shares during the period. Ignite Planners LLC lifted its position in shares of American Electric Power by 9.3% in the first quarter. Ignite Planners LLC now owns 3,970 shares of the company’s stock valued at $427,000 after buying an additional 338 shares during the last quarter. Oak Thistle LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $1,265,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of American Electric Power by 39.0% during the 1st quarter. Venturi Wealth Management LLC now owns 2,304 shares of the company’s stock worth $252,000 after acquiring an additional 646 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Down 1.5%

Shares of AEP opened at $121.71 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $124.80. The firm’s 50 day moving average is $115.89 and its 200-day moving average is $109.82. The stock has a market capitalization of $65.00 billion, a PE ratio of 17.74, a P/E/G ratio of 3.22 and a beta of 0.52.

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

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $0.95 dividend. The ex-dividend date is Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Insiders Place Their Bets

In related 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 value of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’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 transaction of $543,250.00. Following the completion of the transaction, the director 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 SEC filing for this sale provides additional information. Insiders sold 16,006 shares of company stock worth $1,851,422 in the last 90 days. 0.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on AEP. LADENBURG THALM/SH SH cut their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Mizuho raised their target price on shares of American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wells Fargo & Company lifted their target price on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Evercore ISI reiterated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. 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 report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.03.

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.