American Electric Power Company, Inc. $AEP Shares Sold by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management LLC reduced its holdings in American Electric Power by 29.8%, selling 3,043 shares, and now holds 7,185 shares valued at approximately $745,000.
• Recent changes from other institutional investors include Clarius Group LLC and McIlrath & Eck LLC increasing their stakes in the company, highlighting ongoing investor interest.
• AEP's stock received mixed analyst ratings, with a mean price target adjustment, and currently has an average rating of "Hold" with a price target of $111.50.

SeaCrest Wealth Management LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,185 shares of the company's stock after selling 3,043 shares during the period. SeaCrest Wealth Management LLC's holdings in American Electric Power were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of American Electric Power by 1.1% in the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock worth $5,711,519,000 after acquiring an additional 579,175 shares during the last quarter. Wellington Management Group LLP increased its holdings in American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. GQG Partners LLC grew its position in shares of American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares in the last quarter. Northern Trust Corp grew its position in shares of American Electric Power by 8.0% in the first quarter. Northern Trust Corp now owns 5,237,782 shares of the company's stock valued at $572,332,000 after purchasing an additional 386,518 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of American Electric Power in the 1st quarter worth approximately $568,042,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

AEP stock traded up $0.62 during trading on Friday, hitting $107.06. 5,846,040 shares of the company traded hands, compared to its average volume of 3,029,683. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36. The stock's 50-day simple moving average is $110.29 and its 200 day simple moving average is $106.35. The company has a market cap of $57.25 billion, a PE ratio of 15.65, a P/E/G ratio of 2.83 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 posted its quarterly 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. 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 analysts' expectations of $4.85 billion. During the same period last year, the firm earned $1.25 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given 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 3.5%. American Electric Power's payout ratio is 54.39%.

Analyst Ratings Changes

A number of research analysts recently weighed in on AEP shares. 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 research note on Thursday, July 31st. Jefferies Financial Group reduced their price target on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. Scotiabank increased their target price 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 decreased their price objective on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Finally, LADENBURG THALM/SH SH lowered their target price on American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 10th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $111.50.

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.