Capital Analysts LLC Purchases 5,075 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Capital Analysts LLC has increased its stake in American Electric Power by 4.0% during Q1, acquiring an additional 5,075 shares, bringing their total to 130,432 shares valued at approximately $14.25 million.
• American Electric Power reported a strong quarterly earnings performance, posting earnings per share of $1.43, surpassing estimates by $0.16, with a revenue of $5.09 billion, higher than expected by analysts.
• The company announced a quarterly dividend of $0.93 per share, reflecting an annualized dividend of $3.72 and a yield of 3.3%, with a current payout ratio of 54.39%.

Capital Analysts LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,432 shares of the company's stock after purchasing an additional 5,075 shares during the quarter. Capital Analysts LLC's holdings in American Electric Power were worth $14,253,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AEP. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the first quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at $28,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power in the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new position in American Electric Power during the first quarter worth $35,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEP. Raymond James Financial reiterated an "outperform" rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. UBS Group increased their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Mizuho set a $116.00 price objective on American Electric Power and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Morgan Stanley dropped their price objective on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, Citigroup increased their price objective on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.29.

Insider Transactions at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares in the company, valued at $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 24,173 shares of company stock valued at $2,467,015 in the last quarter. 0.07% of the stock is owned by company insiders.

American Electric Power Price Performance

Shares of NASDAQ:AEP traded up $0.88 during midday trading on Friday, reaching $114.02. The company's stock had a trading volume of 2,389,022 shares, compared to its average volume of 3,641,025. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The company has a market capitalization of $60.98 billion, a P/E ratio of 16.67, a P/E/G ratio of 3.00 and a beta of 0.40. 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 business's fifty day simple moving average is $107.77 and its 200-day simple moving average is $105.49.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating 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 analyst estimates of $4.85 billion. During the same period last year, the company posted $1.25 earnings per share. The firm's quarterly 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. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a $0.93 dividend. The ex-dividend date is Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

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.