Mather Group LLC. Has $938,000 Holdings in American Electric Power Company, Inc. $AEP

Mather Group LLC. grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,041 shares of the company’s stock after acquiring an additional 718 shares during the quarter. Mather Group LLC.’s holdings in American Electric Power were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power during the first quarter worth $25,000. Bank of New Hampshire bought a new stake in shares of American Electric Power during the first quarter worth about $28,000. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the 1st quarter worth about $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the 1st quarter worth about $33,000. Finally, IMA Advisory Services Inc. bought a new position in American Electric Power in the 1st quarter valued at about $35,000. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’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 transaction of $543,250.00. Following the completion of the sale, the director owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by corporate insiders.

American Electric Power Stock Down 0.9%

AEP stock opened at $107.86 on Friday. The stock has a market cap of $57.68 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.88 and a beta of 0.46. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock’s fifty day simple moving average is $110.51 and its two-hundred day simple moving average is $106.40. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36.

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, beating the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates 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 was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is presently 54.39%.

Analysts Set New Price Targets

A number of brokerages have commented on AEP. Raymond James Financial reissued an “outperform” rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Jefferies Financial Group decreased their price target on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, September 11th. Scotiabank raised their price objective on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Mizuho cut their price objective on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Finally, 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. Five equities 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 stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $111.63.

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.