4,180 Shares in American Electric Power Company, Inc. $AEP Bought by Waycross Partners LLC

Key Points

• Waycross Partners LLC acquired 4,180 shares of American Electric Power Company, Inc. (AEP) valued at approximately $434,000 in the second quarter.
• American Electric Power has recently seen a mix of analyst ratings, with target prices ranging from $108.50 to $114.00 and an average rating of "Hold".
• The company declared a quarterly dividend of $0.93 per share, resulting in an annualized dividend yield of 3.4% with a payout ratio of 54.39%.

Waycross Partners LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,180 shares of the company's stock, valued at approximately $434,000.

Other large investors also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its position in American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock worth $364,000 after purchasing an additional 430 shares during the last quarter. Ritholtz Wealth Management bought a new stake in American Electric Power in the first quarter worth $262,000. Robertson Stephens Wealth Management LLC bought a new stake in American Electric Power in the first quarter worth $205,000. GAMMA Investing LLC increased its position in American Electric Power by 24.5% in the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after purchasing an additional 3,867 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in American Electric Power by 26.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after purchasing an additional 73,488 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AEP. 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. Scotiabank boosted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Mizuho cut their price objective on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Barclays boosted their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, LADENBURG THALM/SH SH cut their price objective on shares of American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a research report on Wednesday, September 10th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Electric Power currently has an average rating of "Hold" and an average price target of $111.50.

Insider Activity at American Electric Power

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

American Electric Power Stock Up 1.0%

NASDAQ:AEP opened at $108.14 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36. The company has a 50-day moving average of $110.40 and a 200 day moving average of $106.38. The firm has a market cap of $57.83 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.46. 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 (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio is presently 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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