Entropy Technologies LP Has $1.73 Million Holdings in American Electric Power Company, Inc. $AEP

Entropy Technologies LP trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 53.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,694 shares of the company’s stock after selling 19,416 shares during the period. Entropy Technologies LP’s holdings in American Electric Power were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AEP. Advantage Trust Co raised its holdings 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 valued at $29,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. raised its stake in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares during the period. Bayforest Capital Ltd bought a new stake in American Electric Power in the first quarter valued at approximately $31,000. Missouri Trust & Investment Co bought a new position in shares of American Electric Power during the 2nd quarter worth approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the subject of several research reports. Citigroup raised their price target on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Jefferies Financial Group upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and upped their price target for the company from $128.00 to $137.00 in a research note on Monday, November 17th. Cowen began coverage on shares of American Electric Power in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Two research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.85.

American Electric Power Price Performance

American Electric Power stock opened at $120.84 on Friday. The firm has a market cap of $64.54 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. 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 stock’s fifty day moving average price is $116.36 and its two-hundred day moving average price is $110.00. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business earned $1.85 earnings per share. American Electric Power’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. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS 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. Shareholders of record on Monday, November 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Insider Buying and Selling 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, September 12th. The stock was 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 approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,006 shares of company stock worth $1,851,422. Corporate 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.