Birchbrook Inc. Trims Stock Position in American Electric Power Company, Inc. $AEP

Birchbrook Inc. lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 46.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 407 shares of the company’s stock after selling 359 shares during the quarter. Birchbrook Inc.’s holdings in American Electric Power were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hodges Capital Management Inc. raised its position in shares of American Electric Power by 27.7% during the 1st quarter. Hodges Capital Management Inc. now owns 17,228 shares of the company’s stock valued at $1,882,000 after buying an additional 3,732 shares during the period. Modern Wealth Management LLC raised its position in shares of American Electric Power by 17.6% during the 1st quarter. Modern Wealth Management LLC now owns 4,755 shares of the company’s stock valued at $520,000 after buying an additional 712 shares during the period. Strs Ohio purchased a new stake in shares of American Electric Power during the 1st quarter valued at approximately $54,352,000. Ellsworth Advisors LLC increased its holdings in American Electric Power by 2.3% in the 1st quarter. Ellsworth Advisors LLC now owns 53,994 shares of the company’s stock valued at $5,900,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Intrua Financial LLC increased its holdings in American Electric Power by 15.4% in the 1st quarter. Intrua Financial LLC now owns 5,009 shares of the company’s stock valued at $547,000 after purchasing an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $108.74 on Friday. The company has a fifty day simple moving average of $109.91 and a two-hundred day simple moving average of $106.25. The company has a market cap of $58.15 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 2.87 and a beta of 0.46. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The business 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power’s payout ratio is 54.39%.

Analyst Ratings Changes

Several analysts recently weighed in on AEP shares. Scotiabank lifted their target price on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Jefferies Financial Group dropped their target price on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday. Mizuho set a $116.00 target price on shares of American Electric Power and gave the company a “neutral” rating in a report on Thursday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, Barclays lifted their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.93.

Insider Activity at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the transaction, the executive vice president owned 10,274 shares in the company, valued at $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

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.