International Assets Investment Management LLC Sells 304 Shares of American Electric Power Company, Inc. $AEP

International Assets Investment Management LLC decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,329 shares of the company’s stock after selling 304 shares during the quarter. International Assets Investment Management LLC’s holdings in American Electric Power were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AEP. Bayforest Capital Ltd bought a new stake in American Electric Power in the 1st quarter worth approximately $31,000. Missouri Trust & Investment Co bought a new stake in American Electric Power in the 2nd quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in American Electric Power in the 1st quarter worth approximately $33,000. IMA Advisory Services Inc. bought a new stake in American Electric Power in the 1st quarter worth approximately $35,000. Finally, North Capital Inc. bought a new stake in American Electric Power in the 1st quarter worth approximately $39,000. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. BTIG Research assumed coverage on American Electric Power in a research report on Tuesday. They issued a “neutral” rating for the company. LADENBURG THALM/SH SH lowered their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group boosted their price objective on American Electric Power from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, BMO Capital Markets boosted their price objective on American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $119.74.

Insider Buying and Selling at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s 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 $635,712. This represents a 15.06% 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, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director directly owned 35,898 shares in the company, valued at approximately $4,218,732.96. The trade was a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is owned by insiders.

American Electric Power Price Performance

AEP opened at $117.27 on Thursday. 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 Company, Inc. has a 52-week low of $89.91 and a 52-week high of $120.46. The stock has a market capitalization of $62.71 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48. The stock’s 50 day moving average price is $112.17 and its 200-day moving average price is $107.72.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. 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. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power’s payout ratio is currently 54.39%.

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.