USA Financial Formulas Buys New Shares in American Electric Power Company, Inc. $AEP

Key Points

• USA Financial Formulas acquired 29,331 shares of American Electric Power Company, valued at approximately $3,043,000, marking the stock as its 21st largest holding.
• American Electric Power's recent earnings report showed $1.43 EPS, surpassing analysts' estimates, with a quarterly revenue increase of 11.1% year-over-year totaling $5.09 billion.
• The company announced a quarterly dividend of $0.93 per share, resulting in a 3.3% yield and a dividend payout ratio of 54.39%.

USA Financial Formulas bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,331 shares of the company's stock, valued at approximately $3,043,000. American Electric Power makes up about 0.5% of USA Financial Formulas' investment portfolio, making the stock its 21st largest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Clarius Group LLC grew its holdings in American Electric Power by 2.5% during the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company's stock worth $433,000 after acquiring an additional 95 shares during the last quarter. McIlrath & Eck LLC grew its holdings in American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock worth $344,000 after acquiring an additional 99 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in American Electric Power by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock worth $368,000 after acquiring an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in 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 during the last quarter. Finally, Strategic Blueprint LLC grew its holdings in American Electric Power by 0.4% during the 1st quarter. Strategic Blueprint LLC now owns 24,552 shares of the company's stock worth $2,683,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Up 0.2%

American Electric Power stock opened at $112.75 on Thursday. 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 12-month low of $89.91 and a 12-month high of $115.36. The firm's fifty day moving average is $110.69 and its 200 day moving average is $106.59. The company has a market capitalization of $60.30 billion, a PE ratio of 16.48, a PEG ratio of 2.98 and a beta of 0.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the company earned $1.25 EPS. American Electric Power'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. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power's dividend payout ratio is presently 54.39%.

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 shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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 report on Thursday, July 31st. Scotiabank upped 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 note on Thursday, July 31st. Mizuho reduced their price objective on shares of 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. Barclays upped their price objective 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. Finally, LADENBURG THALM/SH SH reduced their price objective on shares of 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 research 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, the company presently has a consensus rating of "Hold" and a consensus target price 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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