Commonwealth Financial Services LLC Has $1.93 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Commonwealth Financial Services LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,551 shares of the company’s stock after acquiring an additional 247 shares during the quarter. Commonwealth Financial Services LLC’s holdings in American Electric Power were worth $1,925,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power during the first quarter valued at $25,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power during the first quarter valued at $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power during the second quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power during the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power during the first quarter valued at $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 0.1%

Shares of American Electric Power stock opened at $117.04 on Friday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $119.06. The business has a 50-day moving average of $111.44 and a two-hundred day moving average of $107.15. The company has a market capitalization of $62.59 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current 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 issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio is 54.39%.

Wall Street Analyst Weigh In

AEP has been the topic of several analyst reports. 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. Mizuho cut their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Jefferies Financial Group cut their target price on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday. Finally, UBS Group increased their target price on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday. Seven equities research 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.50.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, September 12th. The stock was 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 in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was 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 owned by corporate insiders.

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.