Godsey & Gibb Inc. Has $20.07 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Key Points

• Godsey & Gibb Inc. increased its holdings in American Electric Power Company by 1.8%, owning 193,387 shares valued at approximately $20.07 million as of the latest SEC disclosure.
• American Electric Power recently reported an EPS of $1.43 for the last quarter, surpassing analyst expectations, with a revenue increase of 11.1% year-over-year.
• The company's quarterly dividend was set at $0.93 per share, providing an annualized yield of 3.2% with a dividend payout ratio of 54.39%.

Godsey & Gibb Inc. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,387 shares of the company's stock after purchasing an additional 3,455 shares during the period. Godsey & Gibb Inc.'s holdings in American Electric Power were worth $20,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $25,000. Bank of New Hampshire acquired a new position in shares of American Electric Power during the first quarter valued at about $28,000. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co bought a new position in American Electric Power during the second quarter valued at about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in American Electric Power during the first quarter valued at about $33,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction 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 completion of the transaction, the director owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

Shares of AEP opened at $115.66 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.84. The stock has a 50-day simple moving average of $111.02 and a 200-day simple moving average of $106.78. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a market capitalization of $61.85 billion, a PE ratio of 16.91, a PEG ratio of 3.02 and a beta of 0.48.

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 net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Wall Street Analysts Forecast Growth

AEP has been the topic of several recent analyst reports. Scotiabank raised their target price on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Jefferies Financial Group dropped their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Thursday, September 11th. Morgan Stanley decreased their target price on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. UBS Group boosted their price objective 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, Evercore ISI set a $133.00 price objective on shares of American Electric Power and gave the company an "outperform" rating in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and a consensus price target of $114.10.

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.

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