5,125 Shares in American Electric Power Company, Inc. $AEP Bought by Arista Wealth Management LLC

Key Points

• Arista Wealth Management LLC purchased 5,125 shares of American Electric Power Company, Inc. for approximately $532,000 during the second quarter, indicating growing interest in the company's stock.
• Insiders have recently sold a combined total of 11,006 shares valued at over $1.24 million in the past 90 days, which reflects a significant reduction in their ownership stake.
• The company beat earnings expectations by reporting $1.43 EPS for the quarter, exceeding the consensus estimate by $0.16, and it has set a FY 2025 guidance range of $6.570 to $6.770 EPS.

Arista Wealth Management LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,125 shares of the company's stock, valued at approximately $532,000.

Other institutional investors have also added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power during the first quarter worth $25,000. Bayforest Capital Ltd acquired a new position in American Electric Power during the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new position in American Electric Power during the second quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power during the first quarter worth $33,000. Finally, IMA Advisory Services Inc. acquired a new position in American Electric Power during the first quarter worth $35,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the company'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 transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company'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 owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,006 shares of company stock worth $1,243,522 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Stock Performance

AEP stock opened at $117.53 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The company's 50-day simple moving average is $111.86 and its 200 day simple moving average is $107.51. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $120.46. The company has a market capitalization of $62.85 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48.

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. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company posted $1.25 earnings per share. American Electric Power'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. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. American Electric Power's dividend payout ratio is 54.39%.

Analyst Ratings Changes

Several equities analysts have commented on AEP shares. Cowen started coverage on shares of American Electric Power in a report on Wednesday. They issued a "buy" rating on the stock. Jefferies Financial Group upped their price objective on shares of American Electric Power from $116.00 to $128.00 and gave the company a "hold" rating in a report on Thursday. UBS Group upped their price objective on shares of American Electric Power from $110.00 to $116.00 and gave the company a "sell" rating in a report on Friday, October 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a report on Wednesday, October 8th. Finally, Mizuho decreased 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 report on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $119.26.

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.

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