Fiduciary Alliance LLC Acquires Shares of 5,163 American Electric Power Company, Inc. $AEP

Key Points

• Fiduciary Alliance LLC purchased 5,163 shares of American Electric Power, valued at approximately $536,000, indicating increasing institutional interest in the company.
• American Electric Power's stock currently has a consensus rating of "Hold" with an average price target of $111.50, as assessed by various analysts.
• The company recently declared a quarterly dividend of $0.93 per share, reflecting a strong payout ratio of 54.39% and a dividend yield of 3.5%.

Fiduciary Alliance LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,163 shares of the company's stock, valued at approximately $536,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Clarius Group LLC grew its position in shares of American Electric Power by 2.5% in 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 period. McIlrath & Eck LLC grew its position in shares of American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after purchasing an additional 99 shares during the period. Marcum Wealth LLC grew its position in American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after acquiring an additional 101 shares during the period. Ascent Group LLC grew its position in American Electric Power by 0.4% during the fourth 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 period. Finally, Personal CFO Solutions LLC grew its position in American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock valued at $368,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Stock Up 0.6%

Shares of AEP traded up $0.62 during midday trading on Friday, reaching $107.06. 5,846,040 shares of the company were exchanged, compared to its average volume of 2,856,833. The stock has a 50-day moving average price of $110.29 and a 200-day moving average price of $106.31. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.82 and a beta of 0.46. 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 current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to analysts' expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. American Electric Power's payout ratio is 54.39%.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AEP. Jefferies Financial Group lowered their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, September 11th. Scotiabank boosted their price target on 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. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a research report on Wednesday, September 10th. UBS Group boosted their price target on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial reissued an "outperform" rating and set a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.