GW Henssler & Associates Ltd. Grows Position in American Electric Power Company, Inc. $AEP

Key Points

• GW Henssler & Associates Ltd. increased its stake in American Electric Power by 1.6%, owning 308,595 shares valued at approximately $32 million, making it the firm's 12th largest holding.
• Institutional investors collectively own approximately 75.24% of American Electric Power's stock, reflecting growing interest from hedge funds in the company.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, representing a yield of 3.2% with a payout ratio of 54.39%.

GW Henssler & Associates Ltd. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,595 shares of the company's stock after buying an additional 4,906 shares during the quarter. American Electric Power comprises 1.7% of GW Henssler & Associates Ltd.'s investment portfolio, making the stock its 12th biggest holding. GW Henssler & Associates Ltd. owned about 0.06% of American Electric Power worth $32,020,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AEP. EQ Wealth Advisors LLC purchased a new position in American Electric Power during the 1st quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new position in shares of American Electric Power in the 1st quarter valued at approximately $31,000. Missouri Trust & Investment Co purchased a new position in shares of American Electric Power in the 2nd quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power in the 1st quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the topic of several analyst reports. Mizuho lowered their target price on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Morgan Stanley lowered their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Scotiabank lifted their target price on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Jefferies Financial Group lowered their target price on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research note on Thursday, September 11th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of "Hold" and an average price target of $114.50.

Insider Buying and Selling at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the transaction, the executive vice president directly owned 5,676 shares of the company's stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was 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 approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.07% of the company's stock.

American Electric Power Stock Up 0.1%

American Electric Power stock opened at $117.04 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $119.06. The company has a market cap of $62.59 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. The stock's 50 day moving average price is $111.44 and its 200 day moving average price is $107.15.

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

American Electric Power Announces Dividend

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

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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