Blair William & Co. IL Grows Stake in American Electric Power Company, Inc. $AEP

Key Points

• Blair William & Co. IL increased its stake in American Electric Power by 22.2% in Q2, now owning 47,628 shares valued at approximately $4.94 million.
• American Electric Power reported Q2 earnings of $1.43 per share, exceeding analysts' expectations of $1.27, with revenues of $5.09 billion for the quarter.
• The firm declared a quarterly dividend of $0.93, which offers a 3.2% yield, and has a payout ratio of 54.39%.

Blair William & Co. IL grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 47,628 shares of the company's stock after acquiring an additional 8,641 shares during the quarter. Blair William & Co. IL's holdings in American Electric Power were worth $4,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AEP. Kingswood Wealth Advisors LLC grew its stake in American Electric Power by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock worth $364,000 after buying an additional 430 shares during the last quarter. Ritholtz Wealth Management purchased a new position in American Electric Power during the 1st quarter worth approximately $262,000. Venture Visionary Partners LLC grew its stake in American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company's stock worth $7,080,000 after buying an additional 4,616 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in American Electric Power during the 2nd quarter worth approximately $7,722,000. Finally, Robertson Stephens Wealth Management LLC purchased a new position in American Electric Power during the 1st quarter worth approximately $205,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Stock Up 0.1%

American Electric Power stock opened at $117.04 on Monday. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $119.06. The stock has a 50 day moving average of $111.44 and a two-hundred day moving average of $107.16. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $62.59 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same period last year, the firm earned $1.25 EPS. The firm's revenue for the quarter 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, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on 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. Scotiabank raised their price target on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Morgan Stanley dropped their price target on American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. UBS Group raised their price target on American Electric Power from $110.00 to $116.00 and gave the stock a "sell" rating in a research note on Friday. Finally, Barclays increased their price objective on 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. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power has an average rating of "Hold" and a consensus price target of $114.50.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director directly owned 40,898 shares of the company's stock, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 5,676 shares of the company's stock, valued at $635,712. This represents 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 owned by company 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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