American Electric Power Company, Inc. $AEP Stock Holdings Lifted by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC has increased its stake in American Electric Power by 7.3%, now owning 68,233 shares valued at approximately $7.08 million.
• The company recently reported earnings of $1.43 per share, exceeding the consensus estimate of $1.27, with a quarterly revenue of $5.09 billion, up 11.1% year-over-year.
• American Electric Power declared a quarterly dividend of $0.93 per share, representing a yield of 3.4% and a payout ratio of 54.39%.

Venture Visionary Partners LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,233 shares of the company's stock after buying an additional 4,616 shares during the period. Venture Visionary Partners LLC's holdings in American Electric Power were worth $7,080,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AEP. Baron Silver Stevens Financial Advisors LLC raised its stake in American Electric Power by 5.9% during the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,093 shares of the company's stock valued at $217,000 after purchasing an additional 116 shares during the period. GC Wealth Management RIA LLC raised its stake in American Electric Power by 184.1% during the 2nd quarter. GC Wealth Management RIA LLC now owns 5,335 shares of the company's stock valued at $554,000 after purchasing an additional 3,457 shares during the period. Klein Pavlis & Peasley Financial Inc. raised its stake in American Electric Power by 81.4% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 8,729 shares of the company's stock valued at $906,000 after purchasing an additional 3,916 shares during the period. Capital Insight Partners LLC raised its stake in American Electric Power by 6.6% during the 2nd quarter. Capital Insight Partners LLC now owns 8,556 shares of the company's stock valued at $888,000 after purchasing an additional 532 shares during the period. Finally, Investment Advisory Services Inc. TX ADV raised its stake in American Electric Power by 10.9% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 2,683 shares of the company's stock valued at $278,000 after purchasing an additional 264 shares during the period. Institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 0.6%

American Electric Power stock opened at $109.78 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The company has a market capitalization of $58.71 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.89 and a beta of 0.46. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The company's fifty day moving average price is $110.57 and its two-hundred day moving average price is $106.51.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio is presently 54.39%.

Wall Street Analyst Weigh In

AEP has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Mizuho cut their target price on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Barclays boosted their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Raymond James Financial restated an "outperform" rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, Morgan Stanley lowered their price target on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.63.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction 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 $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by insiders.

American Electric Power Company 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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