Courier Capital LLC Sells 223 Shares of American Electric Power Company, Inc. $AEP

Courier Capital LLC cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,569 shares of the company’s stock after selling 223 shares during the quarter. Courier Capital LLC’s holdings in American Electric Power were worth $1,719,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the last quarter. GAMMA Investing LLC lifted its stake in American Electric Power by 24.5% in the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after buying an additional 3,867 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in American Electric Power by 26.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company’s stock worth $38,848,000 after buying an additional 73,488 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of American Electric Power during the 1st quarter worth about $262,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of American Electric Power by 2.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 10,856 shares of the company’s stock valued at $1,186,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $118.38 on Wednesday. The stock has a 50-day moving average price of $111.58 and a two-hundred day moving average price of $107.31. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $119.06. The stock has a market cap of $63.31 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. 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 (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.American Electric Power’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. 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 fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is 54.39%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AEP shares. 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. Scotiabank lifted their price target on shares of 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. UBS Group upped their price objective on shares of American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research report on Friday. Evercore ISI assumed coverage on American Electric Power in a report on Monday, October 6th. They set an “outperform” rating and a $133.00 target price on the stock. Finally, LADENBURG THALM/SH SH lowered their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. 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.com, the stock has an average rating of “Hold” and a consensus price target of $114.90.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $117.52, for a total transaction of $587,600.00. Following the sale, the director directly owned 35,898 shares in the company, valued at $4,218,732.96. This trade represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,006 shares of company stock worth $1,243,522 over the last quarter. 0.07% of the stock is owned by corporate insiders.

About American Electric Power

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.