Flaharty Asset Management LLC Purchases New Shares in American Electric Power Company, Inc. $AEP

Flaharty Asset Management LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, Holdings Channel.com reports. The fund acquired 925 shares of the company’s stock, valued at approximately $101,000.

A number of other institutional investors also recently bought and sold shares of the business. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of American Electric Power during the fourth quarter worth about $28,000. Bank of New Hampshire purchased a new stake in American Electric Power during the 1st quarter valued at approximately $28,000. Bayforest Capital Ltd purchased a new stake in American Electric Power during the 1st quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power during the 1st quarter worth approximately $33,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the sale, the executive vice president owned 10,274 shares of the company’s stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

American Electric Power Stock Down 0.0%

AEP stock opened at $108.33 on Thursday. 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 company’s 50-day moving average price is $109.80 and its 200 day moving average price is $106.24. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The company has a market cap of $57.93 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.87 and a beta of 0.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly 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. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. 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. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal 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 dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is presently 54.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AEP shares. Scotiabank boosted their target price on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Barclays boosted 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. Raymond James Financial restated an “outperform” rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Morgan Stanley reaffirmed an “overweight” rating on shares of American Electric Power in a report on Thursday, August 21st. Finally, Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a “neutral” rating in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.29.

About American Electric Power

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.