Patrick Mauro Investment Advisor INC. Has $3.68 Million Stock Position in American Electric Power Company, Inc. $AEP

Patrick Mauro Investment Advisor INC. lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,480 shares of the company’s stock after selling 4,389 shares during the quarter. American Electric Power makes up about 2.1% of Patrick Mauro Investment Advisor INC.’s investment portfolio, making the stock its 21st largest position. Patrick Mauro Investment Advisor INC.’s holdings in American Electric Power were worth $3,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Advantage Trust Co boosted its stake in American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in shares of American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the period. Bayforest Capital Ltd bought a new position in shares of American Electric Power during the 1st quarter worth about $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power during the 2nd quarter valued at about $31,000. Finally, GoalVest Advisory LLC increased its stake in American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after acquiring an additional 230 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Barclays raised their target price 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. Cowen started coverage on American Electric Power in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. UBS Group increased their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction 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 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,006 shares of company stock valued at $1,851,422. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 0.0%

AEP stock opened at $120.84 on Friday. The business has a fifty day moving average price of $116.36 and a 200 day moving average price of $110.00. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $124.80. The stock has a market capitalization of $64.54 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced 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 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 the consensus estimate of $5.65 billion. During the same quarter in the previous year, the company posted $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 expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

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

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.