Community Bank N.A. Buys 670 Shares of American Electric Power Company, Inc. $AEP

Community Bank N.A. increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,405 shares of the company’s stock after buying an additional 670 shares during the quarter. Community Bank N.A.’s holdings in American Electric Power were worth $4,089,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AEP. Brighton Jones LLC lifted its position in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the period. GAMMA Investing LLC raised its position in American Electric Power by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after purchasing an additional 3,867 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in American Electric Power by 26.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company’s stock valued at $38,848,000 after purchasing an additional 73,488 shares during the last quarter. Ritholtz Wealth Management bought a new position in American Electric Power in the 1st quarter valued at $262,000. Finally, Aries Wealth Management bought a new position in American Electric Power in the 1st quarter valued at $219,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.2%

NASDAQ AEP opened at $116.80 on Tuesday. The stock has a fifty day moving average of $111.48 and a 200-day moving average of $107.23. The stock has a market capitalization of $62.46 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $119.06. 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 released its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating 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%.The business’s revenue for the quarter 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. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. American Electric Power’s payout ratio is 54.39%.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction 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 sale, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was 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 of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Mizuho cut their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Morgan Stanley cut their price objective on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Scotiabank lifted their price objective on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. UBS Group lifted their price objective on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research report on Friday. Finally, Evercore ISI assumed coverage on American Electric Power in a research report on Monday, October 6th. They issued an “outperform” rating and a $133.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $114.50.

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.