513 Shares in American Electric Power Company, Inc. $AEP Bought by Winthrop Capital Management LLC

Winthrop Capital Management LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 513 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AEP. Advantage Trust Co increased its holdings in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Bayforest Capital Ltd acquired a new position in American Electric Power during the 1st quarter valued at about $31,000. Missouri Trust & Investment Co bought a new position in American Electric Power in the 2nd quarter worth about $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the first quarter valued at approximately $33,000. Finally, GoalVest Advisory LLC increased its stake in shares of American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on 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 owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,006 shares of company stock valued at $1,243,522. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. BMO Capital Markets set a $126.00 target price on American Electric Power in a research note on Thursday, October 30th. Mizuho increased their price target on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Finally, Scotiabank lifted their price objective on shares of American Electric Power from $114.00 to $121.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $124.50.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $121.43 on Friday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $122.85. The firm has a market cap of $65.00 billion, a P/E ratio of 17.70, a PEG ratio of 3.22 and a beta of 0.52. The stock has a fifty day moving average price of $113.74 and a two-hundred day moving average price of $108.98. 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 (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $1.85 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is currently 55.39%.

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.