First Pacific Financial Takes $2.68 Million Position in American Electric Power Company, Inc. $AEP

Key Points

• First Pacific Financial acquired a new position in American Electric Power Company, Inc., investing approximately $2.68 million for 25,780 shares during the 2nd quarter.
• The company's quarterly earnings report showed an EPS of $1.43, surpassing estimates, with a revenue of $5.09 billion, representing an 11.1% year-over-year increase.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, resulting in an annualized yield of 3.3% based on current share prices.

First Pacific Financial acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,780 shares of the company's stock, valued at approximately $2,675,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after buying an additional 1,095 shares in the last quarter. Baker Tilly Wealth Management LLC bought a new stake in American Electric Power during the 1st quarter worth approximately $203,000. NBC Securities Inc. boosted its position in American Electric Power by 111,500.0% during the 1st quarter. NBC Securities Inc. now owns 8,928 shares of the company's stock worth $975,000 after acquiring an additional 8,920 shares during the last quarter. Gradient Investments LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at approximately $218,000. Finally, Merit Financial Group LLC boosted its holdings in shares of American Electric Power by 17.8% in the 1st quarter. Merit Financial Group LLC now owns 16,152 shares of the company's stock valued at $1,765,000 after buying an additional 2,438 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $112.50 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.91 and a beta of 0.46. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The stock's 50-day simple moving average is $110.61 and its 200-day simple moving average is $106.55.

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

American Electric Power Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on AEP. Raymond James Financial reiterated an "outperform" rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. UBS Group lifted 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. Scotiabank lifted their target price on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Jefferies Financial Group cut their target price on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. Finally, LADENBURG THALM/SH SH dropped their price target on American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a research report on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $111.63.

Insider Transactions at American Electric Power

In other American Electric Power 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 shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.07% of the company's stock.

American Electric Power 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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