American Electric Power Company, Inc. $AEP Shares Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC increased its stake in American Electric Power by 9.0%, owning 26,240 shares worth $2,723,000 as of the latest SEC filing.
• American Electric Power recently reported a quarterly earnings per share (EPS) of $1.43, exceeding analysts' estimates and showing an 11.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.93 per share, reflecting an annualized yield of 3.2% with a dividend payout ratio of 54.39%.

Apollon Wealth Management LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,240 shares of the company's stock after acquiring an additional 2,175 shares during the period. Apollon Wealth Management LLC's holdings in American Electric Power were worth $2,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Brighton Jones LLC grew its holdings in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after acquiring an additional 1,095 shares during the period. GAMMA Investing LLC grew its holdings in American Electric Power by 24.5% during the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after acquiring an additional 3,867 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in American Electric Power by 26.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after acquiring an additional 73,488 shares during the period. Opal Wealth Advisors LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $145,000. Finally, Dover Advisors LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $210,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $117.04 on Monday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $119.06. The company has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.48. 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 business's 50 day moving average price is $111.44 and its 200 day moving average price is $107.16.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS 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 firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the business posted $1.25 earnings per share. 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, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Analyst Ratings Changes

Several analysts have commented on the company. Scotiabank raised their price objective on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley decreased their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday, October 8th. Raymond James Financial restated an "outperform" rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Finally, Barclays raised their target price on 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. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $114.50.

Insiders Place Their Bets

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares of the company's stock, valued at $635,712. This represents a 15.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction dated 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 directly owned 40,898 shares of the company's stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

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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