Kingswood Wealth Advisors LLC Raises Holdings in American Electric Power Company, Inc. $AEP

Kingswood Wealth Advisors LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 203.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,494 shares of the company’s stock after purchasing an additional 8,370 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in American Electric Power were worth $1,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of American Electric Power in the third quarter worth about $26,000. Advantage Trust Co grew its stake in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Montag A & Associates Inc. raised 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 valued at $29,000 after acquiring an additional 176 shares during the last quarter. Bayforest Capital Ltd purchased a new position in American Electric Power in the 1st quarter worth approximately $31,000. Finally, Missouri Trust & Investment Co acquired a new position in shares of American Electric Power during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AEP shares. UBS Group cut their price target on American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday, December 17th. Mizuho upped their target price on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. The Goldman Sachs Group lifted their price target on American Electric Power from $128.00 to $133.00 in a report on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Finally, Citigroup lifted their target price on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.87.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.

American Electric Power Stock Up 0.8%

Shares of NASDAQ:AEP opened at $116.91 on Friday. The company has a market capitalization of $62.44 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.83 and a beta of 0.63. American Electric Power Company, Inc. has a 12-month low of $92.67 and a 12-month high of $124.80. The business has a 50-day moving average price of $118.14 and a 200 day moving average price of $113.42. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $6.01 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Sell-side analysts expect 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 was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a dividend of $0.95 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

American Electric Power Profile

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.