Asset Allocation & Management Company LLC Takes $275,000 Position in American Electric Power Company, Inc. $AEP

Key Points

• Asset Allocation & Management Company LLC has acquired a position in American Electric Power Company, Inc. valued at approximately $275,000 during the 2nd quarter, purchasing 2,646 shares.
• American Electric Power recently reported earnings per share (EPS) of $1.43 for the quarter, exceeding estimates, with a revenue of $5.09 billion, an 11.1% year-over-year increase.
• The company also announced a quarterly dividend of $0.93 per share, reflecting a 3.4% dividend yield and a payout ratio of 54.39%.

Asset Allocation & Management Company LLC purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,646 shares of the company's stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clarius Group LLC lifted its holdings in shares of American Electric Power by 2.5% during the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after buying an additional 95 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after buying an additional 99 shares during the period. Marcum Wealth LLC lifted its holdings in shares of American Electric Power by 3.0% during the 1st quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after buying an additional 101 shares during the period. Personal CFO Solutions LLC lifted its holdings in shares of American Electric Power by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock valued at $368,000 after buying an additional 103 shares during the period. Finally, McGlone Suttner Wealth Management Inc. lifted its holdings in shares of American Electric Power by 1.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company's stock valued at $612,000 after buying an additional 104 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

NASDAQ:AEP opened at $109.14 on Friday. The business's 50-day simple moving average is $110.54 and its two-hundred day simple moving average is $106.44. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The stock has a market cap of $58.37 billion, a PE ratio of 15.96, a P/E/G ratio of 2.85 and a beta of 0.46. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

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, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter last year, the business posted $1.25 earnings per share. The firm's 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, analysts forecast 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 given a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Analyst Ratings Changes

Several research analysts have weighed in on AEP shares. UBS Group increased their price target on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Barclays lifted their price target on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Mizuho dropped their price target 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. Jefferies Financial Group dropped their price target on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research note on Thursday, September 11th. Finally, Morgan Stanley dropped 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 research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Electric Power currently has an average rating of "Hold" and an average price target of $111.63.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated 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 owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company's stock.

About American Electric Power

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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