American Electric Power Company, Inc. $AEP Stock Holdings Boosted by Whittier Trust Co.

Key Points

• Whittier Trust Co. increased its holdings in American Electric Power by 7.1%, acquiring an additional 6,054 shares, bringing its total ownership to 91,373 shares valued at approximately $9.48 million.
• Institutional investors control 75.24% of American Electric Power, with several new positions acquired recently, indicating strong institutional interest in the company.
• The company's last quarterly earnings report showed an EPS of $1.43, exceeding analyst expectations, and total revenue reached $5.09 billion, reflecting a year-over-year increase of 11.1%.

Whittier Trust Co. lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 91,373 shares of the company's stock after acquiring an additional 6,054 shares during the period. Whittier Trust Co.'s holdings in American Electric Power were worth $9,481,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bayforest Capital Ltd bought a new position in American Electric Power in the 1st quarter valued at about $31,000. Missouri Trust & Investment Co bought a new position in American Electric Power in the 2nd quarter valued at about $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power in the 1st quarter valued at about $33,000. IMA Advisory Services Inc. bought a new position in American Electric Power in the 1st quarter valued at about $35,000. Finally, North Capital Inc. bought a new position in American Electric Power in the 1st quarter valued at about $39,000. Institutional investors own 75.24% of the company's stock.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the transaction, the director owned 35,898 shares of the company's stock, valued at approximately $4,218,732.96. This trade represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,006 shares of company stock valued at $1,243,522 over the last three months. 0.07% of the stock is owned by insiders.

American Electric Power Stock Performance

NASDAQ:AEP opened at $117.43 on Wednesday. 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 twelve month low of $89.91 and a twelve month high of $120.46. The firm has a market cap of $62.80 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 3.11 and a beta of 0.48. The company has a 50-day moving average of $112.08 and a 200-day moving average of $107.66.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEP. Morgan Stanley decreased their target price on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. UBS Group increased their target price on shares of American Electric Power from $110.00 to $116.00 and gave the company a "sell" rating in a research report on Friday, October 10th. TD Cowen initiated coverage on shares of American Electric Power in a research report on Thursday, October 16th. They issued a "buy" rating and a $133.00 target price for the company. Scotiabank raised their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, BTIG Research initiated coverage on shares of American Electric Power in a research report on Tuesday. They set a "neutral" rating for the company. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $119.26.

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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