ARS Wealth Advisors Group LLC Invests $869,000 in American Electric Power Company, Inc. $AEP

Key Points

• ARS Wealth Advisors Group LLC purchased 8,378 shares of American Electric Power Company, valued at approximately $869,000, during the second quarter of 2023.
• American Electric Power's stock ratings show analysts are divided, with five rating it as a Buy, nine as a Hold, and one as a Sell, reflecting varied market outlooks.
• The company recently announced a quarterly dividend payout of $0.93 per share, translating to an annualized dividend of $3.72 and a dividend yield of 3.5%.

ARS Wealth Advisors Group LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,378 shares of the company's stock, valued at approximately $869,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AEP. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the 1st quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new position in American Electric Power in the 4th quarter valued at about $28,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the 1st quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the 1st quarter worth approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in American Electric Power during the 1st quarter worth approximately $33,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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, 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 sale, the director directly owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company's stock.

American Electric Power Price Performance

NASDAQ AEP traded down $0.47 on Monday, hitting $106.59. 655,079 shares of the company were exchanged, compared to its average volume of 3,507,793. 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 1-year low of $89.91 and a 1-year high of $115.36. The company has a market cap of $57.01 billion, a P/E ratio of 15.56, a P/E/G ratio of 2.83 and a beta of 0.46. The firm has a 50 day moving average of $110.29 and a two-hundred day moving average of $106.35.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (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 for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company posted $1.25 EPS. The company's revenue was up 11.1% compared to the same quarter last year. 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 EPS for the current 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. This represents a $3.72 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio is presently 54.39%.

Analyst Ratings Changes

A number of research firms recently commented on AEP. Mizuho dropped 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 report on Tuesday, September 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research 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 research report on Friday, August 1st. 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 note on Thursday, July 31st. Finally, UBS Group upped their price objective 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. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, American Electric Power has an average rating of "Hold" and an average price target of $111.50.

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.