Woodward Diversified Capital LLC Acquires 2,349 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Woodward Diversified Capital LLC increased its stake in American Electric Power Company by 79.8%, acquiring an additional 2,349 shares, bringing their total holdings to 5,294 shares valued at approximately $549,000.
• A number of institutional investors have purchased new stakes in American Electric Power, contributing to its institutional ownership of 75.24%.
• American Electric Power announced a quarterly dividend of $0.93 per share, reflecting an annualized basis of $3.72 and a dividend yield of 3.3%.

Woodward Diversified Capital LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 79.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,294 shares of the company's stock after purchasing an additional 2,349 shares during the quarter. Woodward Diversified Capital LLC's holdings in American Electric Power were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEP. EQ Wealth Advisors LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at about $25,000. Bank of New Hampshire bought a new stake in American Electric Power in the first quarter valued at approximately $28,000. Bayforest Capital Ltd bought a new stake in American Electric Power in the first quarter valued at approximately $31,000. Missouri Trust & Investment Co bought a new stake in American Electric Power in the second quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power in the 1st quarter valued at $33,000. Institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on AEP. Raymond James Financial restated an "outperform" rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. LADENBURG THALM/SH SH lowered 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. Mizuho lowered their target price on American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Morgan Stanley lowered their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Finally, UBS Group increased their target price on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Five 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 MarketBeat.com, American Electric Power has an average rating of "Hold" and a consensus price target of $111.63.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business'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 sale, the director owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $112.75 on Thursday. The stock has a market capitalization of $60.30 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.98 and a beta of 0.48. The business has a 50-day moving average of $110.69 and a 200-day moving average of $106.59. 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 Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion during 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 business's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. 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 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

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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