American Electric Power Company, Inc. $AEP Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co reduced its stake in American Electric Power Company by 8.2% in Q1, holding 131,741 shares worth approximately $14.4 million after selling 11,736 shares.
• Executive VP David Matthew Feinberg sold 8,058 shares at an average price of $101.74, resulting in a 43.96% decrease in his position.
• American Electric Power announced a quarterly dividend of $0.93, reflecting an annualized yield of 3.3%, with a payout ratio of 54.39%.

Haverford Trust Co trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,741 shares of the company's stock after selling 11,736 shares during the quarter. Haverford Trust Co's holdings in American Electric Power were worth $14,395,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in American Electric Power by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock valued at $364,000 after purchasing an additional 430 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of American Electric Power during the first quarter worth approximately $262,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of American Electric Power during the first quarter worth approximately $205,000. GAMMA Investing LLC increased its stake in shares of American Electric Power by 24.5% in the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after buying an additional 3,867 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in American Electric Power by 26.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock valued at $38,848,000 after acquiring an additional 73,488 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, the executive vice president owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 24,173 shares of company stock valued at $2,467,015. 0.07% of the stock is owned by company insiders.

American Electric Power Stock Performance

Shares of American Electric Power stock traded up $0.26 during trading on Wednesday, hitting $112.89. 3,327,574 shares of the stock were exchanged, compared to its average volume of 3,559,395. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The stock's fifty day moving average is $108.22 and its 200 day moving average is $105.70. The stock has a market cap of $60.37 billion, a PE ratio of 16.50, a P/E/G ratio of 3.00 and a beta of 0.40.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results 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. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm 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. American Electric Power'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. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's dividend payout ratio is 54.39%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a report on Thursday, July 31st. Guggenheim boosted their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Raymond James Financial reaffirmed an "outperform" rating and set a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Barclays lifted their target price on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, Citigroup upped their price target on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Electric Power presently has an average rating of "Hold" and an average price target of $111.29.

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.