Prime Capital Investment Advisors LLC Sells 9,970 Shares of American Electric Power Company, Inc. $AEP

Prime Capital Investment Advisors LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 23.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,066 shares of the company's stock after selling 9,970 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in American Electric Power were worth $3,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Clarius Group LLC lifted its holdings in shares of 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 purchasing an additional 95 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after purchasing an additional 99 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of American Electric Power by 3.2% in the first 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 in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in American Electric Power by 1.8% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company's stock worth $612,000 after acquiring an additional 104 shares during the period. Finally, Strategic Blueprint LLC lifted its holdings in American Electric Power by 0.4% during the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company's stock worth $2,683,000 after acquiring an additional 108 shares during the period. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group lifted their price target on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a report on Thursday, July 31st. Evercore ISI assumed coverage on American Electric Power in a report on Monday. They set an "outperform" rating and a $133.00 price target on the stock. Scotiabank lifted their price target on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. 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 report on Tuesday, September 16th. Finally, Jefferies Financial Group dropped their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday, September 11th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $114.10.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction 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 in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 completion of the transaction, the executive vice president owned 5,676 shares of the company's stock, valued at approximately $635,712. This trade 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 insiders.

American Electric Power Stock Performance

NASDAQ:AEP opened at $118.16 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The business has a fifty day simple moving average of $111.20 and a two-hundred day simple moving average of $106.86. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $119.06. The company has a market capitalization of $63.19 billion, a P/E ratio of 17.27, a P/E/G ratio of 3.06 and a beta of 0.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the business posted $1.25 earnings per share. The business's revenue for the quarter 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, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.1%. American Electric Power's payout ratio is 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.

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