TD Private Client Wealth LLC Raises Holdings in American Electric Power Company, Inc. $AEP

Key Points

• TD Private Client Wealth LLC increased its stake in American Electric Power Company, Inc. by 5.3% during Q2, owning 78,517 shares valued at approximately $8.15 million.
• In recent analyst updates, Jefferies Financial Group lowered the price target for AEP from $120.00 to $116.00, while Scotiabank raised theirs from $102.00 to $114.00, reflecting mixed outlooks on the stock.
• American Electric Power announced a quarterly dividend of $0.93 per share, equating to an annualized yield of 3.4%, with a payout ratio of 54.39%.

TD Private Client Wealth LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,517 shares of the company's stock after purchasing an additional 3,980 shares during the period. TD Private Client Wealth LLC's holdings in American Electric Power were worth $8,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in American Electric Power during the 1st quarter worth approximately $28,000. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power in the 1st quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the 1st quarter valued at $33,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of American Electric Power during the 1st quarter worth $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AEP shares. Jefferies Financial Group cut their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research note on Thursday, September 11th. Scotiabank upped their price target on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Barclays raised their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. UBS Group boosted their price objective 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 reaffirmed an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of "Hold" and an average target price of $111.50.

Insiders Place Their Bets

In other American Electric Power 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 value of $543,250.00. Following the sale, the director owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $108.14 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The stock has a market cap of $57.83 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.46. The firm's fifty day simple moving average is $110.40 and its 200-day simple moving average is $106.38.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping 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 firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm'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. Analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced 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. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power's payout ratio is presently 54.39%.

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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