Colonial Trust Advisors Sells 21,801 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Colonial Trust Advisors has significantly reduced its stake in American Electric Power Company, Inc. by 87.5%, selling 21,801 shares and now holding only 3,123 shares valued at $341,000.
• American Electric Power reported a quarterly EPS of $1.43, exceeding estimates, with revenue rising 11.1% year-over-year to $5.09 billion.
• The company announced a quarterly dividend of $0.93 per share, representing an annualized yield of 3.3%, with a payout ratio of 54.39%.

Colonial Trust Advisors lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 87.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,123 shares of the company's stock after selling 21,801 shares during the quarter. Colonial Trust Advisors' holdings in American Electric Power were worth $341,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Clarius Group LLC lifted its stake in American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after purchasing an additional 95 shares during the last quarter. Safeguard Investment Advisory Group LLC grew its position in American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after buying an additional 100 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of American Electric Power by 3.0% in the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after buying an additional 101 shares in the last quarter. Ascent Group LLC lifted its position in shares of American Electric Power by 0.4% during the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after acquiring an additional 102 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its position in shares of American Electric Power by 2.3% during the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Stock Up 0.8%

Shares of NASDAQ AEP traded up $0.88 during mid-day trading on Friday, reaching $114.02. The company had a trading volume of 2,389,022 shares, compared to its average volume of 3,641,025. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The stock's 50 day moving average is $107.77 and its 200-day moving average is $105.49. The stock has a market capitalization of $60.98 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 3.00 and a beta of 0.40.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating 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 business had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the previous year, the business posted $1.25 EPS. 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 analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Wall Street Analyst Weigh In

AEP has been the topic of a number of analyst reports. Barclays lifted their price target on 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. Guggenheim raised their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Scotiabank upped their price target on shares of 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. Finally, 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 report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, American Electric Power has a consensus rating of "Hold" and a consensus price target of $111.29.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power 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 directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 24,173 shares of company stock valued at $2,467,015 over the last 90 days. Company insiders own 0.07% of the company's stock.

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.