NewEdge Advisors LLC Increases Stock Holdings in American Electric Power Company, Inc. $AEP

Key Points

• NewEdge Advisors LLC increased its holdings in American Electric Power by 44.8%, acquiring an additional 12,823 shares in the first quarter, bringing its total to 41,451 shares valued at approximately $4.53 million.
• Brokerages have set varying target prices for American Electric Power, with recommendations ranging from a "sell" rating by UBS Group at $110 to an "outperform" rating by Raymond James Financial at $122.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, reflecting an annualized yield of 3.5% and a payout ratio of approximately 54.39%.

NewEdge Advisors LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 44.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,451 shares of the company's stock after acquiring an additional 12,823 shares during the quarter. NewEdge Advisors LLC's holdings in American Electric Power were worth $4,529,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEP. EQ Wealth Advisors LLC purchased a new position in shares of American Electric Power in the first quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of American Electric Power in the fourth quarter worth $28,000. Bank of New Hampshire purchased a new position in shares of American Electric Power in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power in the first quarter worth $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power in the first quarter worth $35,000. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the firm'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 transaction, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This trade represents a 43.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.07% of the company's stock.

Wall Street Analyst Weigh In

AEP has been the subject of several recent analyst reports. Scotiabank boosted their price target on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. 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. UBS Group upped their price objective on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Raymond James Financial reiterated an "outperform" rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Finally, Barclays upped their price objective on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Five equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $111.93.

American Electric Power Price Performance

Shares of NASDAQ AEP traded up $0.72 during mid-day trading 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 stock has a fifty day moving average of $110.03 and a two-hundred day moving average of $106.27. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The firm has a market capitalization of $58.54 billion, a PE ratio of 16.00, a P/E/G ratio of 2.90 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company 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 anticipate 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio is presently 54.39%.

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.