Trilogy Capital Inc. Takes Position in American Electric Power Company, Inc. $AEP

Key Points

• Trilogy Capital Inc. acquired a new position in American Electric Power Company, Inc., purchasing 2,518 shares valued at approximately $261,000 in the second quarter.
• Director Benjamin G. S. Fowke III sold 5,000 shares of AEP stock for $543,250, resulting in a 10.89% decrease in his ownership.
• The company recently declared a quarterly dividend of $0.93, offering a yield of 3.3% with a payout ratio of 54.39%.

Trilogy Capital Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,518 shares of the company's stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AEP. Clarius Group LLC boosted its position in American Electric Power by 2.5% during 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 boosted its holdings in shares of American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after buying an additional 99 shares in the last quarter. Personal CFO Solutions LLC grew its position in shares of American Electric Power by 3.2% in the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock worth $368,000 after buying an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of American Electric Power by 1.8% during the 2nd 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 in the last quarter. Finally, Strategic Blueprint LLC lifted its position in American Electric Power by 0.4% during the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company's stock valued at $2,683,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company's stock.

American Electric Power Trading Up 0.6%

American Electric Power stock opened at $113.46 on Friday. The stock has a 50-day moving average price of $110.78 and a 200 day moving average price of $106.64. The company has a market capitalization of $60.68 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.98 and a beta of 0.48. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. 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 (NASDAQ:AEP - Get Free Report) last posted its quarterly 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 net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the firm posted $1.25 EPS. American Electric Power's revenue for the quarter 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. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm 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. This represents a $3.72 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio is presently 54.39%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Raymond James Financial restated an "outperform" rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Mizuho decreased their price target on American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Barclays boosted their price target on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Scotiabank increased their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $111.63.

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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