Focus Partners Advisor Solutions LLC Has $1.57 Million Stake in American Electric Power Company, Inc. $AEP

Focus Partners Advisor Solutions LLC trimmed its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,157 shares of the company’s stock after selling 1,709 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in American Electric Power were worth $1,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AEP. Advantage Trust Co grew its position in 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 purchasing an additional 100 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power during the 1st quarter valued at about $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power during the 2nd quarter valued at about $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power during the 1st quarter valued at about $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of American Electric Power during the 1st quarter valued at about $35,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the company’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 transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $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 accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s 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 transaction, the director owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,006 shares of company stock worth $1,243,522 over the last quarter. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Cowen initiated coverage on shares of American Electric Power in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Evercore ISI initiated coverage on shares of American Electric Power in a research report on Monday, October 6th. They issued an “outperform” rating and a $133.00 price target on the stock. Finally, Barclays boosted their price target on shares of American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Ten equities research 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $119.74.

American Electric Power Price Performance

NASDAQ:AEP opened at $115.98 on Monday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $120.46. The company’s 50-day moving average price is $112.31 and its two-hundred day moving average price is $108.01. The firm has a market cap of $62.02 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 3.06 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

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

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.95 per share. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) 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.