Vigilare Wealth Management Makes New Investment in American Electric Power Company, Inc. $AEP

Key Points

• Vigilare Wealth Management has acquired 5,354 shares of American Electric Power Company, Inc. (NASDAQ:AEP) valued at approximately $556,000 during the 2nd quarter.
• A quarterly dividend of $0.93 was recently paid to shareholders, representing an annualized yield of 3.3%.
• American Electric Power's latest quarterly earnings showed an EPS of $1.43, exceeding analysts' expectations, with revenues reaching $5.09 billion.

Vigilare Wealth Management acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,354 shares of the company's stock, valued at approximately $556,000.

Other institutional investors also recently bought and sold shares of the company. Clarius Group LLC increased its stake in shares of American Electric Power by 2.5% in the 1st 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 increased its stake 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 purchasing an additional 99 shares in the last quarter. Personal CFO Solutions LLC increased its stake 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 valued at $368,000 after purchasing an additional 103 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in American Electric Power by 1.8% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company's stock worth $612,000 after buying an additional 104 shares during the last quarter. Finally, Strategic Blueprint LLC boosted its holdings in American Electric Power by 0.4% in the 1st quarter. Strategic Blueprint LLC now owns 24,552 shares of the company's stock worth $2,683,000 after buying an additional 108 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Electric Power

In other 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 transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.

American Electric Power Trading Up 2.5%

AEP opened at $112.50 on Wednesday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The stock has a market capitalization of $60.16 billion, a PE ratio of 16.45, a P/E/G ratio of 2.91 and a beta of 0.46. The business's 50 day moving average price is $110.61 and its 200 day moving average price is $106.55. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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, beating analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The firm's quarterly 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. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current 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 $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 3.3%. American Electric Power's payout ratio is presently 54.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AEP shares. Jefferies Financial Group lowered their price objective on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday, September 11th. UBS Group lifted their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a report on Thursday, July 31st. LADENBURG THALM/SH SH lowered their price objective on American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a report on Wednesday, September 10th. Mizuho lowered their price objective on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th. Finally, Morgan Stanley lowered their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Five equities 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 stock has an average 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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