American Electric Power Company, Inc. $AEP Stock Position Decreased by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. reduced its holdings in American Electric Power by 16.2%, owning 11,980 shares worth approximately $1.24 million after selling 2,320 shares in the second quarter.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, yielding 3.2%, with a payout ratio of 54.39%.
• Analysts have mixed ratings on the stock, with TD Cowen setting a target price of $133.00 while Morgan Stanley decreased theirs to $115.00, reflecting divergence in future expectations for the company.

Praxis Investment Management Inc. lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,980 shares of the company's stock after selling 2,320 shares during the period. Praxis Investment Management Inc.'s holdings in American Electric Power were worth $1,243,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AEP. Brighton Jones LLC grew its position in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after purchasing an additional 1,095 shares during the last quarter. GAMMA Investing LLC grew its position in American Electric Power by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after purchasing an additional 3,867 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in American Electric Power by 26.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after purchasing an additional 73,488 shares during the last quarter. Ritholtz Wealth Management bought a new position in American Electric Power in the 1st quarter worth about $262,000. Finally, Sowell Financial Services LLC bought a new position in American Electric Power in the 1st quarter worth about $758,000. Institutional investors own 75.24% of the company's stock.

American Electric Power Stock Performance

American Electric Power stock opened at $117.53 on Friday. The firm has a 50 day simple moving average of $111.86 and a 200-day simple moving average of $107.51. 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 stock has a market capitalization of $62.85 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $120.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate 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 business 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 business 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. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS 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. Investors 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 yield of 3.2%. American Electric Power's dividend payout ratio is currently 54.39%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen assumed coverage on shares of American Electric Power in a research report on Thursday. They issued a "buy" rating and a $133.00 target price for the company. 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. JPMorgan Chase & Co. increased their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the company a "neutral" rating in a report on Wednesday. Cowen initiated coverage on shares of American Electric Power in a report on Wednesday. They issued a "buy" rating for the company. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $119.26.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 completion of the sale, the director directly owned 35,898 shares of the company's stock, valued at $4,218,732.96. This represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the 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 sale, the executive vice president directly owned 5,676 shares of the company's stock, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,006 shares of company stock valued at $1,243,522. Company insiders own 0.07% of the company's stock.

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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