American Electric Power Company, Inc. $AEP Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC has reduced its holdings in American Electric Power Company by 6.0%, owning 50,140 shares worth approximately $5.48 million after selling 3,203 shares in the 1st quarter.
• Several institutional investors, including Kingswood Wealth Advisors LLC and GAMMA Investing LLC, increased their stakes in AEP during the same period, reflecting strong institutional interest in the company.
• American Electric Power recently reported $1.43 EPS for the quarter, exceeding analysts' estimates of $1.27, with quarterly revenue up 11.1% year-over-year.

Kestra Advisory Services LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,140 shares of the company's stock after selling 3,203 shares during the quarter. Kestra Advisory Services LLC's holdings in American Electric Power were worth $5,479,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AEP. Nuveen LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at $568,042,000. GQG Partners LLC raised its stake in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP raised its stake in American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock worth $2,415,144,000 after acquiring an additional 4,323,569 shares in the last quarter. Lazard Asset Management LLC raised its stake in American Electric Power by 51.0% during the 4th quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock worth $591,791,000 after acquiring an additional 2,165,888 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in American Electric Power by 13,499.5% during the 1st quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company's stock worth $234,954,000 after acquiring an additional 2,134,404 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEP has been the topic of several research analyst reports. Guggenheim lifted their price target on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Raymond James Financial reiterated an "outperform" rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wells Fargo & Company lifted their price target on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Scotiabank lifted their price target 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. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $111.29.

American Electric Power Stock Performance

Shares of NASDAQ:AEP traded down $1.11 during midday trading on Thursday, hitting $111.78. The stock had a trading volume of 3,697,314 shares, compared to its average volume of 3,371,490. The company has a market capitalization of $59.78 billion, a PE ratio of 16.34, a P/E/G ratio of 2.99 and a beta of 0.40. The stock has a 50 day moving average price of $108.66 and a two-hundred day moving average price of $105.83. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power's payout ratio is presently 54.39%.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the sale, the executive vice president owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 24,173 shares of company stock valued at $2,467,015 over the last quarter. 0.07% of the stock is owned by insiders.

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.