American Electric Power Company, Inc. $AEP Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. reduced its holdings in American Electric Power by 84.7%, selling 9,668 shares and retaining only 1,746 shares worth approximately $181,000.
• In the latest analyst updates, Barclays raised its price target for American Electric Power to $111.00, while Jefferies and UBS lowered theirs, reflecting mixed sentiments with a consensus "Hold" rating.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, representing a 3.5% yield, and plans to disclose its fiscal year 2025 EPS guidance between 6.570-6.770.

Thurston Springer Miller Herd & Titak Inc. reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 84.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,746 shares of the company's stock after selling 9,668 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in American Electric Power were worth $181,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at $28,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the 1st quarter valued at $28,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the 1st quarter valued at $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at $33,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays increased their price target 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. Jefferies Financial Group decreased their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, September 11th. Morgan Stanley reissued an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Raymond James Financial reissued an "outperform" rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, UBS Group increased their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.50.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $106.84 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36. The firm has a market capitalization of $57.14 billion, a PE ratio of 15.62, a PEG ratio of 2.89 and a beta of 0.46. The business's 50 day moving average is $110.19 and its 200-day moving average is $106.30. 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 (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the firm earned $1.25 EPS. American Electric Power's revenue for the quarter 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. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

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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