WESPAC Advisors LLC Invests $615,000 in American Electric Power Company, Inc. $AEP

Key Points

• WESPAC Advisors LLC has made a significant investment of $615,000 in American Electric Power Company, purchasing 5,924 shares during the second quarter.
• Insider activity includes Director Benjamin G. S. Fowke III selling 5,000 shares for approximately $543,250, resulting in a 10.89% decrease in ownership.
• American Electric Power recently reported a quarterly EPS of $1.43, exceeding expectations, alongside a revenue increase of 11.1% from the previous year.

WESPAC Advisors LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,924 shares of the company's stock, valued at approximately $615,000.

Other large investors have also made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power during the first quarter worth $25,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power during the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power during the second quarter worth $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power during the first quarter worth $33,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's 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 in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company's stock.

American Electric Power Price Performance

Shares of AEP opened at $118.16 on Wednesday. The business's 50-day moving average is $111.20 and its two-hundred day moving average is $106.86. The company has a market capitalization of $63.19 billion, a P/E ratio of 17.27, a P/E/G ratio of 3.06 and a beta of 0.48. 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 Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $119.06.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AEP shares. Morgan Stanley cut their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. UBS Group upped their target price on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Raymond James Financial reissued an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Mizuho cut their target price on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Saturday, September 27th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of "Hold" and an average target price of $114.10.

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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