Hilltop National Bank Purchases Shares of 2,952 American Electric Power Company, Inc. $AEP

Key Points

• Hilltop National Bank has acquired **2,952 shares** of American Electric Power Company, Inc., valued at approximately **$306,000**, marking a continued interest from institutional investors with **75.24%** of the stock owned by them.
• American Electric Power reported a Q2 **earnings per share (EPS)** of **$1.43**, exceeding estimates and showing an **11.1%** year-over-year revenue increase, totaling **$5.09 billion** for the quarter.
• The company declared a **quarterly dividend** of **$0.93** per share, yielding **3.3%**, with a payout ratio of **54.39%**, reflecting a commitment to returning value to shareholders.

Hilltop National Bank acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,952 shares of the company's stock, valued at approximately $306,000.

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

American Electric Power Price Performance

AEP stock opened at $114.06 on Friday. The stock has a market cap of $61.00 billion, a PE ratio of 16.68, a P/E/G ratio of 3.00 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The company has a 50-day moving average price of $110.87 and a 200 day moving average price of $106.70. 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 (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.85 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The firm's quarterly revenue 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. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares of the company's stock, valued at $635,712. This trade represents a 15.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the sale, the director directly owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. LADENBURG THALM/SH SH dropped their price target on American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a research note on Wednesday, September 10th. Scotiabank increased their target price on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Jefferies Financial Group reduced their price target on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. Raymond James Financial reaffirmed an "outperform" rating and set a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, Mizuho dropped their price objective on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $111.63.

About American Electric Power

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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