Securian Asset Management Inc. Cuts Stock Holdings in American Electric Power Company, Inc. $AEP

Securian Asset Management Inc. lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,809 shares of the company’s stock after selling 431 shares during the quarter. Securian Asset Management Inc.’s holdings in American Electric Power were worth $2,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Bayforest Capital Ltd purchased a new stake in American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new stake in American Electric Power in the second quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in American Electric Power in the first quarter worth approximately $33,000. IMA Advisory Services Inc. purchased a new position in shares of American Electric Power during the 1st quarter worth $35,000. Finally, North Capital Inc. purchased a new position in shares of American Electric Power during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.3%

Shares of AEP stock opened at $117.43 on Wednesday. The company has a market capitalization of $62.80 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 3.11 and a beta of 0.48. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $120.46. The company’s fifty day moving average price is $112.08 and its 200-day moving average price is $107.66. 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 data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate 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 net margin of 17.68% and a return on equity of 11.55%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Cowen assumed coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, BTIG Research assumed coverage on shares of American Electric Power in a research note on Tuesday. They set a “neutral” rating on the stock. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $119.26.

Insiders Place Their Bets

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 sale, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the completion of the sale, the director owned 35,898 shares in the company, valued at approximately $4,218,732.96. This represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is currently owned by insiders.

American Electric Power 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.