UMB Bank n.a. Decreases Stock Holdings in American Electric Power Company, Inc. $AEP

Key Points

• UMB Bank n.a. decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.1%, owning a total of 27,751 shares valued at approximately $2.88 million.
• Analyst ratings for AEP have been mixed, with target prices adjusted down by several firms, reflecting a consensus rating of "Hold" and a target price of $111.50.
• American Electric Power declared a quarterly dividend of $0.93 per share, yielding 3.5%, with a payout ratio of 54.39%.

UMB Bank n.a. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,751 shares of the company's stock after selling 2,794 shares during the period. UMB Bank n.a.'s holdings in American Electric Power were worth $2,879,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarius Group LLC increased its stake in American Electric Power by 2.5% in the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after buying an additional 95 shares during the last quarter. McIlrath & Eck LLC increased its holdings in American Electric Power by 3.2% during the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock worth $344,000 after buying an additional 99 shares during the last quarter. Marcum Wealth LLC increased its holdings in American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock worth $379,000 after buying an additional 101 shares during the last quarter. Ascent Group LLC increased its holdings in American Electric Power by 0.4% during the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after buying an additional 102 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock worth $368,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AEP. LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a report on Wednesday, September 10th. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Scotiabank raised their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Barclays raised their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Raymond James Financial reiterated an "outperform" rating and set a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Electric Power currently has an average rating of "Hold" and an average target price of $111.50.

Insider Activity at American Electric Power

In other American Electric Power 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 shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.07% of the company's stock.

American Electric Power Price Performance

American Electric Power stock traded up $1.16 during mid-day trading on Tuesday, hitting $108.21. 809,364 shares of the company traded hands, compared to its average volume of 3,503,871. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The stock has a market cap of $57.87 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.83 and a beta of 0.46. 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 stock has a fifty day moving average price of $110.33 and a 200-day moving average price of $106.37.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm 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 revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power's dividend payout ratio (DPR) is 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.