Kingsview Wealth Management LLC Has $2.73 Million Position in American Electric Power Company, Inc. $AEP

Kingsview Wealth Management LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 18.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 26,262 shares of the company’s stock after acquiring an additional 4,018 shares during the period. Kingsview Wealth Management LLC’s holdings in American Electric Power were worth $2,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advantage Trust Co grew its stake in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Montag A & Associates Inc. increased its holdings in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Bayforest Capital Ltd bought a new position in American Electric Power in the first quarter valued at about $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power during the second quarter worth about $31,000. Finally, GoalVest Advisory LLC raised its holdings in American Electric Power by 277.1% in the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after buying an additional 230 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.2%

AEP opened at $123.51 on Wednesday. The firm has a market capitalization of $65.97 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The company has a fifty day moving average price of $115.62 and a 200-day moving average price of $109.73. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80.

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). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the company posted $1.85 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,006 shares of company stock worth $1,851,422 over the last three months. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AEP. BMO Capital Markets set a $126.00 target price on American Electric Power in a report on Thursday, October 30th. Wells Fargo & Company increased their target price on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. LADENBURG THALM/SH SH lowered their target price on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $125.03.

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.