GC Wealth Management RIA LLC Acquires 3,457 Shares of American Electric Power Company, Inc. $AEP

Key Points

• GC Wealth Management RIA LLC increased its holdings in American Electric Power (AEP) by 184.1% during the second quarter, acquiring an additional 3,457 shares to bring total ownership to 5,335 shares valued at $554,000.
• Analyst ratings for American Electric Power vary, with Barclays setting a price objective of $111.00 and Raymond James at $122.00, while overall consensus indicates a rating of "Hold" with an average target price of $111.63.
• American Electric Power recently reported strong earnings, with $1.43 EPS for the quarter, exceeding estimates and experiencing an 11.1% increase in revenue year-over-year.

GC Wealth Management RIA LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 184.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,335 shares of the company's stock after buying an additional 3,457 shares during the quarter. GC Wealth Management RIA LLC's holdings in American Electric Power were worth $554,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AEP. EQ Wealth Advisors LLC bought a new position in American Electric Power in the first quarter valued at about $25,000. Bank of New Hampshire acquired a new stake in American Electric Power during the first quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new stake in American Electric Power during the first quarter worth approximately $31,000. Missouri Trust & Investment Co acquired a new stake in American Electric Power in the second quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power in the first quarter valued at approximately $33,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays raised their price objective on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Morgan Stanley reduced their price objective on American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. UBS Group raised their target price on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a report on Thursday, July 31st. Finally, Mizuho decreased their price target on American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a report on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $111.63.

American Electric Power Stock Up 2.5%

AEP stock opened at $112.50 on Wednesday. The stock's fifty day simple moving average is $110.61 and its two-hundred day simple moving average is $106.55. 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 Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36. The stock has a market cap of $60.16 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.91 and a beta of 0.46.

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

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 3.3%. American Electric Power's payout ratio is presently 54.39%.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

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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