Hazlett Burt & Watson Inc. Sells 633 Shares of American Electric Power Company, Inc. $AEP

Hazlett Burt & Watson Inc. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 25.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,855 shares of the company’s stock after selling 633 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in American Electric Power were worth $193,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AEP. EQ Wealth Advisors LLC bought a new stake in shares of American Electric Power in the 1st quarter worth about $25,000. Bayforest Capital Ltd bought a new stake in shares of American Electric Power in the 1st quarter worth about $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power in the 2nd quarter worth about $31,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power in the 1st quarter worth about $33,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of American Electric Power in the 1st quarter worth about $35,000. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEP. Barclays increased 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. Jefferies Financial Group decreased their price objective 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. Mizuho decreased their price objective on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Scotiabank increased their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.50.

Get Our Latest Analysis on American Electric Power

American Electric Power Stock Performance

American Electric Power stock opened at $116.80 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. 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 $62.46 billion, a PE ratio of 17.08, a PEG ratio of 3.09 and a beta of 0.48. The company’s 50-day moving average is $111.48 and its two-hundred day moving average is $107.23.

American Electric Power (NASDAQ:AEPGet Free Report) last released 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. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue 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. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred on 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 $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director owned 40,898 shares in the company, valued at $4,443,567.70. This represents a 10.89% 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.

American Electric Power Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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