American Electric Power Company, Inc. $AEP Shares Acquired by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,617 shares of the company's stock after buying an additional 3,057 shares during the quarter. Venture Visionary Partners LLC's holdings in American Electric Power were worth $6,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new position in American Electric Power in the 1st quarter valued at about $25,000. Bank of New Hampshire purchased a new position in American Electric Power during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in American Electric Power during the first quarter worth about $33,000. Fourth Dimension Wealth LLC purchased a new position in American Electric Power during the fourth quarter worth about $28,000. Finally, IMA Advisory Services Inc. purchased a new position in American Electric Power during the first quarter worth about $35,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent research reports. Raymond James Financial reiterated an "outperform" rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Barclays upped their target price on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Guggenheim lifted their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. UBS Group raised their target price on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a report on Thursday, July 31st. Finally, Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $111.29.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 24,173 shares of company stock valued at $2,467,015. Insiders own 0.07% of the company's stock.

American Electric Power Trading Up 0.8%

Shares of NASDAQ AEP traded up $0.88 on Friday, reaching $114.02. 2,389,022 shares of the company traded hands, compared to its average volume of 3,641,025. 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 50 day moving average of $107.55 and a 200 day moving average of $105.38. 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 stock has a market capitalization of $60.98 billion, a PE ratio of 18.67, a P/E/G ratio of 3.00 and a beta of 0.40.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's payout ratio is currently 54.39%.

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.