Klein Pavlis & Peasley Financial Inc. Increases Stock Position in American Electric Power Company, Inc. $AEP

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its stake in American Electric Power by 81.4% during the second quarter, owning 8,729 shares valued at approximately $906,000.
• American Electric Power reported Q2 earnings of $1.43 per share, exceeding analysts' estimates of $1.27 and indicating an 11.1% increase in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.93 per share, with a resultant annualized yield of 3.4% and a payout ratio of 54.39%.

Klein Pavlis & Peasley Financial Inc. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 81.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,729 shares of the company's stock after acquiring an additional 3,916 shares during the period. Klein Pavlis & Peasley Financial Inc.'s holdings in American Electric Power were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Clarius Group LLC lifted its stake in American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after buying an additional 95 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after acquiring an additional 99 shares during the period. Personal CFO Solutions LLC raised its position in American Electric Power by 3.2% in the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock valued at $368,000 after purchasing an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in American Electric Power by 1.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company's stock worth $612,000 after purchasing an additional 104 shares during the period. Finally, American National Bank & Trust grew its position in American Electric Power by 6.1% during the 1st quarter. American National Bank & Trust now owns 1,857 shares of the company's stock worth $203,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $109.14 on Monday. 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 one year low of $89.91 and a one year high of $115.36. The firm has a market capitalization of $58.37 billion, a P/E ratio of 15.96, a PEG ratio of 2.89 and a beta of 0.46. The company's fifty day moving average is $110.54 and its two-hundred day moving average is $106.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly 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. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate 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 revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid 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 dividend yield of 3.4%. American Electric Power's payout ratio is 54.39%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AEP shares. Mizuho dropped their price target on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Raymond James Financial reissued an "outperform" rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Morgan Stanley decreased their price target on American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday. Scotiabank boosted their price objective on shares of 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. Finally, Jefferies Financial Group cut their price objective on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.63.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 40,898 shares of the company's stock, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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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