111 Capital Sells 11,251 Shares of American Electric Power Company, Inc. $AEP

Key Points

• 111 Capital significantly reduced its holdings in American Electric Power Company by 76.8% in the second quarter, selling 11,251 shares and leaving them with 3,403 shares valued at $353,000.
• Multiple analysts have varying views on the stock, with Raymond James maintaining an "outperform" rating and a price target increase to $122.00, while others downgraded their targets, resulting in a current consensus rating of "Hold" with an average target of $111.63.
• The company recently declared a quarterly dividend of $0.93 per share, translating to an annualized dividend yield of 3.3%, with a payout ratio of 54.39%.

111 Capital decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 76.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,403 shares of the company's stock after selling 11,251 shares during the quarter. 111 Capital's holdings in American Electric Power were worth $353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $25,000. Bank of New Hampshire bought a new position in American Electric Power during the first quarter worth about $28,000. Bayforest Capital Ltd acquired a new position in American Electric Power in the first quarter valued at about $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power in the second quarter worth about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power during the first quarter worth about $33,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a report on Saturday, September 27th. LADENBURG THALM/SH SH lowered their price objective on shares of 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. UBS Group boosted their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reduced their target price on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $111.63.

Insider Activity

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the firm'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 transaction 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. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

AEP opened at $114.06 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.55 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 $115.36. The business has a 50 day moving average of $110.87 and a 200-day moving average of $106.71. The stock has a market cap of $61.00 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 3.02 and a beta of 0.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

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.

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