American Electric Power Company, Inc. $AEP Shares Sold by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management reduced its AEP stake by 22.5% in the third quarter, selling 203,738 shares and retaining 700,054 shares valued at approximately $83.1 million. Institutional investors and hedge funds collectively own 75.24% of AEP.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $139.62, compared with AEP’s recent trading price of $120.15.
• AEP reported quarterly earnings of $1.36 per share, below the $1.48 consensus estimate, although revenue reached $5.45 billion and rose 7% year over year. The company also pays a quarterly dividend of $0.95 per share, representing a 3.2% yield.

Ferguson Wellman Capital Management Inc. decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700,054 shares of the company's stock after selling 203,738 shares during the quarter. American Electric Power makes up approximately 1.0% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 25th largest holding. Ferguson Wellman Capital Management Inc. owned 0.13% of American Electric Power worth $83,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC raised its position in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock valued at $26,000 after purchasing an additional 100 shares during the period. Union Savings Bank bought a new position in American Electric Power during the fourth quarter worth $27,000. Elevation Wealth Partners LLC raised its stake in American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock worth $27,000 after acquiring an additional 105 shares during the period. Parvin Asset Management LLC acquired a new stake in American Electric Power in the second quarter worth $27,000. Finally, Caitlin John LLC acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $27,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on AEP. Truist Financial dropped their price target on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research note on Thursday, August 27th. TD Cowen restated a "buy" rating on shares of American Electric Power in a research note on Wednesday, September 9th. Morgan Stanley decreased their price objective on shares of American Electric Power from $135.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, September 18th. Finally, UBS Group set a $139.00 price objective on shares of American Electric Power in a research note on Monday, September 21st. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, American Electric Power presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.62.

American Electric Power Trading Up 0.5%

AEP traded up $0.58 during mid-day trading on Monday, reaching $120.15. The stock had a trading volume of 689,513 shares, compared to its average volume of 4,001,053. The stock has a market capitalization of $65.41 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.53 and a beta of 0.48. American Electric Power Company, Inc. has a 52 week low of $112.54 and a 52 week high of $140.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The firm's fifty day simple moving average is $123.64 and its two-hundred day simple moving average is $129.01.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 6.38 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power's payout ratio is 65.18%.

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. This trade represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

American Electric Power Company Profile

American Electric Power NASDAQ: AEP is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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