American Electric Power Company, Inc. $AEP Shares Acquired by JNBA Financial Advisors

JNBA Financial Advisors boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 235.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,609 shares of the company’s stock after purchasing an additional 1,130 shares during the period. JNBA Financial Advisors’ holdings in American Electric Power were worth $167,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC grew its holdings in American Electric Power by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after purchasing an additional 430 shares in the last quarter. Ritholtz Wealth Management acquired a new position in American Electric Power during the 1st quarter worth $262,000. Venture Visionary Partners LLC grew its holdings in American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after acquiring an additional 4,616 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new position in American Electric Power during the 1st quarter worth $205,000. Finally, SteelPeak Wealth LLC acquired a new position in American Electric Power during the 2nd quarter worth $7,722,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’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 transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AEP. LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday. Morgan Stanley decreased their price objective on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Barclays raised their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group reduced their price target on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, September 11th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average price target of $114.50.

American Electric Power Trading Up 0.1%

American Electric Power stock opened at $117.04 on Friday. The firm’s 50-day moving average is $111.44 and its 200-day moving average is $107.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. 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 market cap of $62.59 billion, a P/E ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last posted its 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 firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. American Electric Power’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous 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 expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current 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 paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is presently 54.39%.

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.