American Electric Power Company, Inc. $AEP Shares Purchased by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. increased their stake in American Electric Power by 2.1%, now holding a total of 303,689 shares, valued at approximately $33.18 million.
• AEP announced a quarterly dividend of $0.93 per share, which translates to an annualized dividend of $3.72 and a yield of 3.4%.
• Wall Street analysts have varying opinions on AEP, with a consensus target price of $111.29 and a mix of ratings including five "Buy", eight "Hold", and one "Sell".

GW Henssler & Associates Ltd. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,689 shares of the company's stock after buying an additional 6,109 shares during the period. American Electric Power comprises approximately 1.8% of GW Henssler & Associates Ltd.'s holdings, making the stock its 11th biggest holding. GW Henssler & Associates Ltd. owned about 0.06% of American Electric Power worth $33,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC increased its stake in American Electric Power by 2.9% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 16,866 shares of the company's stock worth $1,843,000 after buying an additional 472 shares during the period. First Financial Bankshares Inc increased its stake in American Electric Power by 1.1% during the 1st quarter. First Financial Bankshares Inc now owns 621,355 shares of the company's stock worth $67,895,000 after buying an additional 6,772 shares during the period. Energy Income Partners LLC increased its stake in American Electric Power by 2.6% during the 1st quarter. Energy Income Partners LLC now owns 1,194,494 shares of the company's stock worth $130,522,000 after buying an additional 30,175 shares during the period. Ghisallo Capital Management LLC purchased a new stake in American Electric Power during the 1st quarter worth $153,524,000. Finally, MAI Capital Management increased its stake in American Electric Power by 4.8% during the 1st quarter. MAI Capital Management now owns 42,859 shares of the company's stock worth $4,683,000 after buying an additional 1,944 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Activity at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Down 0.5%

AEP stock traded down $0.53 during mid-day trading on Friday, hitting $108.11. 3,664,308 shares of the company were exchanged, compared to its average volume of 2,873,246. The company has a market capitalization of $57.82 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.88 and a beta of 0.46. 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 twelve month low of $89.91 and a twelve month high of $115.36. The firm has a fifty day simple moving average of $109.55 and a 200 day simple moving average of $106.16.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted 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 business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the business posted $1.25 EPS. The company's quarterly 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, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power's payout ratio is 54.39%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AEP. UBS Group lifted their price target on shares of 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 price target on shares of 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. Morgan Stanley reissued an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Barclays raised their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Raymond James Financial reissued an "outperform" rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $111.29.

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.