U.S. Capital Wealth Advisors LLC Has $11.26 Million Position in American Electric Power Company, Inc. $AEP

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in American Electric Power Company by 12.8% in the second quarter, owning 108,491 shares valued at approximately $11.26 million.
• Director Benjamin G. S. Fowke III sold 5,000 shares at an average price of $108.65, representing a 10.89% decrease in his holdings.
• American Electric Power reported $1.43 EPS for the last quarter, surpassing the consensus estimate and projecting FY 2025 guidance at 6.570-6.770 EPS.

U.S. Capital Wealth Advisors LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 108,491 shares of the company's stock after purchasing an additional 12,282 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in American Electric Power were worth $11,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power in the first quarter worth $25,000. Bank of New Hampshire acquired a new position in American Electric Power during the 1st quarter worth $28,000. Bayforest Capital Ltd acquired a new position in American Electric Power during the 1st quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power during the 1st quarter worth $33,000. Finally, Fourth Dimension Wealth LLC acquired a new position in American Electric Power during the 4th quarter worth $28,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares of the company's stock, valued at $4,443,567.70. This represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is owned by corporate insiders.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $107.06 on Monday. The firm has a 50 day simple moving average of $110.29 and a 200 day simple moving average of $106.35. The firm has a market cap of $57.25 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.83 and a beta of 0.46. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. 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 issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $4.85 billion. During the same quarter in the previous year, the company earned $1.25 EPS. American Electric Power'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. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Scotiabank boosted their price objective on 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. LADENBURG THALM/SH SH cut their price target on American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a report on Wednesday, September 10th. Morgan Stanley reiterated an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. UBS Group upped 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. Finally, Barclays upped their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Electric Power presently has an average rating of "Hold" and an average target price of $111.50.

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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