Ameritas Advisory Services LLC Has $968,000 Position in American Electric Power Company, Inc. $AEP

Key Points

• Ameritas Advisory Services LLC decreased its position in American Electric Power Company by 21.1%, holding 9,326 shares valued at approximately $968,000.
• Several hedge funds have increased their stakes in American Electric Power, contributing to institutional investors owning 75.24% of the company's stock.
• Analysts have set an average price target of $111.63 for American Electric Power, with ratings that include six "buy" and nine "hold" ratings.

Ameritas Advisory Services LLC lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 21.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,326 shares of the company's stock after selling 2,499 shares during the period. Ameritas Advisory Services LLC's holdings in American Electric Power were worth $968,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the first quarter worth approximately $25,000. Bank of New Hampshire acquired a new position in American Electric Power during the first quarter valued at approximately $28,000. Bayforest Capital Ltd acquired a new position in American Electric Power during the first quarter valued at approximately $31,000. Missouri Trust & Investment Co acquired a new position in American Electric Power during the second quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective 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. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Saturday, September 27th. 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 report on Thursday, July 31st. UBS Group increased their price objective on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Finally, Scotiabank increased their price objective on 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. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $111.63.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares of the company's stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Up 0.5%

Shares of AEP stock opened at $114.06 on Friday. The stock has a market cap of $61.00 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.48. 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 fifty day moving average price of $110.87 and a 200 day moving average price of $106.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.American Electric Power's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. 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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