Cohen Investment Advisors LLC Sells 315 Shares of American Electric Power Company, Inc. $AEP

Cohen Investment Advisors LLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,663 shares of the company’s stock after selling 315 shares during the period. Cohen Investment Advisors LLC’s holdings in American Electric Power were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the 1st quarter worth approximately $25,000. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power in the 1st quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new stake in shares of American Electric Power in the 2nd quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of American Electric Power in the 1st quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of American Electric Power in the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 directly owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Performance

AEP stock opened at $118.19 on Thursday. The company has a market cap of $63.21 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 3.12 and a beta of 0.48. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $119.06. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The stock’s fifty day moving average price is $111.30 and its 200-day moving average price is $106.94.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The firm 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 company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

Several brokerages have commented on AEP. 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 note on Thursday, September 25th. Scotiabank increased their target price on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday. Finally, LADENBURG THALM/SH SH cut their target price on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 10th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $114.10.

American Electric Power Company 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.