2,346 Shares in American Electric Power Company, Inc. $AEP Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,346 shares of the company's stock, valued at approximately $243,000.

A number of other large investors have also recently bought and sold shares of AEP. EQ Wealth Advisors LLC acquired a new stake in American Electric Power during the 1st quarter worth $25,000. Bank of New Hampshire acquired a new stake in shares of American Electric Power in the 1st quarter worth $28,000. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the 1st quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power in the 2nd quarter worth $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the 1st quarter worth $33,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Performance

Shares of AEP opened at $109.14 on Monday. The company has a 50-day simple moving average of $110.54 and a 200-day simple moving average of $106.48. 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 company has a market capitalization of $58.37 billion, a PE ratio of 15.96, a P/E/G ratio of 2.89 and a beta of 0.46. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $115.36.

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

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is 54.39%.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction dated 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 directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AEP shares. LADENBURG THALM/SH SH reduced their target price on shares of American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a research note on Wednesday, September 10th. Morgan Stanley reduced their target price on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday. 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. Barclays raised their target price on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Scotiabank raised their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $111.63.

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.

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