Financial Advisors Network Inc. Acquires New Holdings in American Electric Power Company, Inc. $AEP

Key Points

• Financial Advisors Network Inc. acquired 2,654 shares of American Electric Power Company, valued at approximately $290,000, in its recent 13F filing with the SEC.
• Insider activity shows EVP David Matthew Feinberg sold 8,058 shares of AEP stock, representing a 43.96% decrease in ownership.
• Equity analysts have given American Electric Power a consensus rating of "Hold" with a target price averaging $111.29, reflecting diverse views on its stock performance.

Financial Advisors Network Inc. bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,654 shares of the company's stock, valued at approximately $290,000.

Other large investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC increased 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 valued at $364,000 after buying an additional 430 shares during the period. Ritholtz Wealth Management acquired a new position in American Electric Power during the 1st quarter valued at about $262,000. Robertson Stephens Wealth Management LLC acquired a new position in American Electric Power during the 1st quarter valued at about $205,000. GAMMA Investing LLC increased its stake in American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock valued at $2,150,000 after buying an additional 3,867 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of American Electric Power by 26.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock valued at $38,848,000 after purchasing an additional 73,488 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho set a $116.00 price objective on shares of American Electric Power and gave the company a "neutral" rating in a research report on Thursday, July 31st. Guggenheim raised their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Scotiabank raised their price objective 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. UBS Group raised their price objective on shares of 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, Citigroup raised their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $111.29.

American Electric Power Trading Up 0.8%

Shares of AEP traded up $0.88 during midday trading on Friday, hitting $114.02. The stock had a trading volume of 2,389,022 shares, compared to its average volume of 3,646,117. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The business has a 50-day simple moving average of $107.77 and a two-hundred day simple moving average of $105.57. The firm has a market cap of $60.98 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.40. 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 announced its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business 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 dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Insider Activity at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 24,173 shares of company stock worth $2,467,015 in the last ninety days. Company 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.