REAP Financial Group LLC Has $124,000 Holdings in American Electric Power Company, Inc. $AEP

REAP Financial Group LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 116.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,193 shares of the company’s stock after purchasing an additional 643 shares during the period. REAP Financial Group LLC’s holdings in American Electric Power were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power during the 1st quarter worth about $25,000. Bayforest Capital Ltd bought a new stake in American Electric Power during the first quarter worth about $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power during the 2nd quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $35,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $118.16 on Wednesday. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $119.06. The firm has a market capitalization of $63.19 billion, a PE ratio of 17.27, a PEG ratio of 3.06 and a beta of 0.48. The company’s 50-day moving average is $111.20 and its 200-day moving average is $106.86. 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 (NASDAQ:AEP) last announced its quarterly earnings results 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 net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business earned $1.25 EPS. American Electric Power’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. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued 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 presently 54.39%.

Insider Activity at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 transaction, the director 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the transaction, 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. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley cut their price target on shares of 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. Jefferies Financial Group dropped their target price on shares of 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 upped their target price on shares of American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Saturday, September 27th. Finally, Scotiabank boosted their price target on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus 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.