American Electric Power Company, Inc. $AEP is Heathbridge Capital Management Ltd.'s Largest Position

Key Points

• Heathbridge Capital Management Ltd. has trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4%, maintaining approximately 9.3% of its overall holdings valued at $23.07 million.
• American Electric Power reported earnings of $1.43 per share, surpassing consensus estimates, with a quarterly revenue of $5.09 billion, up 11.1% year-over-year.
• Analysts are optimistic, with multiple firms issuing "outperform" ratings and price targets ranging from $108.50 to $133.00 for NASDAQ:AEP, reflecting a generally positive outlook for the stock.

Heathbridge Capital Management Ltd. trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,350 shares of the company's stock after selling 3,050 shares during the period. American Electric Power comprises approximately 9.3% of Heathbridge Capital Management Ltd.'s holdings, making the stock its biggest holding. Heathbridge Capital Management Ltd.'s holdings in American Electric Power were worth $23,071,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEP. EQ Wealth Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new position in shares of American Electric Power during the 2nd quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $35,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was 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. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction 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 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 disclosure for this sale can be found here. Insiders own 0.07% of the company's stock.

American Electric Power Stock Up 2.2%

Shares of NASDAQ AEP opened at $118.16 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $119.06. The firm has a fifty day moving average of $111.20 and a 200-day moving average of $106.86. The stock has a market capitalization of $63.19 billion, a PE ratio of 17.27, a P/E/G ratio of 3.06 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.1%. American Electric Power's payout ratio is presently 54.39%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent analyst reports. Evercore ISI initiated coverage on shares of American Electric Power in a research note on Monday. They issued an "outperform" rating and a $133.00 target price for the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. LADENBURG THALM/SH SH lowered 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. UBS Group lifted their target price on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Finally, Scotiabank lifted 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. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $114.10.

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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