Solitude Financial Services Takes Position in American Electric Power Company, Inc. $AEP

Key Points

• Solitude Financial Services has acquired a new stake in American Electric Power Company (NASDAQ:AEP), purchasing 4,700 shares valued at approximately $488,000, constituting 0.2% of its holdings.
• American Electric Power reported quarterly earnings of $1.43 per share, surpassing estimates, with revenues of $5.09 billion and a net margin of 17.68%.
• The company declared a quarterly dividend of $0.93, translating to an annualized dividend yield of 3.2%, with a payout ratio of 54.39%.

Solitude Financial Services acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,700 shares of the company's stock, valued at approximately $488,000. American Electric Power accounts for 0.2% of Solitude Financial Services' holdings, making the stock its 29th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the 1st quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in American Electric Power in the 1st quarter valued at approximately $28,000. Bayforest Capital Ltd acquired a new position in American Electric Power in the 1st quarter valued at approximately $31,000. Missouri Trust & Investment Co acquired a new position in American Electric Power in the 2nd quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Price Performance

NASDAQ AEP opened at $115.66 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $111.02 and a 200 day simple moving average of $106.78. The company has a market cap of $61.85 billion, a P/E ratio of 16.91, a P/E/G ratio of 3.02 and a beta of 0.48. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.84.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. American Electric Power's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. American Electric Power's dividend payout ratio is 54.39%.

Insiders Place Their Bets

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the 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 sale, the executive vice president directly owned 5,676 shares of the company's stock, valued at $635,712. This represents a 15.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, September 12th. The shares were 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 approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on AEP. Scotiabank boosted their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Saturday, September 27th. Mizuho decreased their target price on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. UBS Group boosted their target price on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and a consensus target price of $114.10.

American Electric Power 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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