Leo Wealth LLC Makes New $517,000 Investment in American Electric Power Company, Inc. $AEP

Key Points

• Leo Wealth LLC has made a new investment of approximately $517,000 in American Electric Power Company, Inc. by purchasing 4,979 shares in the second quarter.
• American Electric Power reported a net margin of 17.68% and revenue of $5.09 billion for the last quarter, exceeding analysts’ expectations.
• The company recently announced a quarterly dividend of $0.93 per share, representing an annualized yield of 3.2% and a payout ratio of 54.39%.

Leo Wealth LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,979 shares of the company's stock, valued at approximately $517,000.

Other hedge funds have also bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter worth approximately $25,000. Bayforest Capital Ltd acquired a new position in American Electric Power in the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new position in American Electric Power in the second quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power in the first quarter worth $33,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at about $35,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Down 1.1%

Shares of American Electric Power stock opened at $116.91 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a market cap of $62.52 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 3.12 and a beta of 0.48. The business has a fifty day simple moving average of $111.37 and a 200-day simple moving average of $107.03. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $119.06.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued 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 net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company earned $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. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 yield of 3.2%. American Electric Power's dividend payout ratio is currently 54.39%.

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was 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 $4,443,567.70. This represents a 10.89% 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. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares of the company's stock, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AEP. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Morgan Stanley reduced their price target on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. LADENBURG THALM/SH SH reduced their target price on shares of 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. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday. Finally, Jefferies Financial Group reduced their price objective on 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. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, American Electric Power has an average rating of "Hold" and a consensus target price of $114.10.

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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