Integrity Alliance LLC. Purchases New Holdings in American Electric Power Company, Inc. $AEP

Key Points

• Integrity Alliance LLC purchased 6,244 shares of American Electric Power Company, valued at approximately $682,000, marking a new investment during the first quarter.
• American Electric Power reported earnings of $1.43 per share for the last quarter, exceeding expectations and highlighting a year-over-year revenue increase of 11.1% to $5.09 billion.
• The company announced a quarterly dividend of $0.93 per share, representing an annualized dividend of $3.72 and a yield of 3.4%.

Integrity Alliance LLC. acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,244 shares of the company's stock, valued at approximately $682,000.

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

American Electric Power Price Performance

NASDAQ AEP traded up $0.72 on Friday, reaching $109.46. The company's stock had a trading volume of 2,180,621 shares, compared to its average volume of 2,867,824. The firm's 50 day moving average is $110.03 and its two-hundred day moving average is $106.26. The stock has a market cap of $58.54 billion, a PE ratio of 18.06, a PEG ratio of 2.90 and a beta of 0.46. 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 twelve month low of $89.91 and a twelve month high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its 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. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power's payout ratio is presently 54.39%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEP. Barclays increased their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Jefferies Financial Group decreased 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. Raymond James Financial restated an "outperform" rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Mizuho set a $116.00 price objective on shares of American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, UBS Group raised their target price on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.93.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's 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 completion of the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by company insiders.

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.