American Electric Power Company, Inc. $AEP Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,851 shares of the company’s stock after selling 5,666 shares during the quarter. TD Private Client Wealth LLC’s holdings in American Electric Power were worth $8,196,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AEP. Soroban Capital Partners LP grew its position in shares of American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in American Electric Power by 318.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,244,640 shares of the company’s stock worth $129,144,000 after acquiring an additional 947,418 shares during the last quarter. Amundi lifted its stake in American Electric Power by 26.1% in the second quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after acquiring an additional 765,258 shares during the last quarter. State Street Corp grew its holdings in American Electric Power by 2.3% during the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock worth $2,958,869,000 after acquiring an additional 653,712 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after acquiring an additional 432,441 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEP shares. Williams Trading set a $137.00 price objective on shares of American Electric Power in a report on Thursday, December 18th. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Citigroup raised their price target on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company lifted their price target on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Finally, Siebert Williams Shank assumed coverage on American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.29.

American Electric Power Trading Down 0.3%

AEP opened at $116.57 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 52 week low of $92.76 and a 52 week high of $124.80. The business’s 50 day moving average is $118.07 and its two-hundred day moving average is $113.67. The firm has a market cap of $62.26 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last posted 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). The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. American Electric Power’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a $0.95 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.