Capital Advisors Inc. OK Acquires 2,481 Shares of American Electric Power Company, Inc. $AEP

Capital Advisors Inc. OK increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 32.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,212 shares of the company’s stock after buying an additional 2,481 shares during the period. Capital Advisors Inc. OK’s holdings in American Electric Power were worth $1,060,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Nuveen LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $568,042,000. GQG Partners LLC increased its holdings in American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP lifted its stake in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after buying an additional 4,323,569 shares during the period. Bessemer Group Inc. lifted its stake in American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock valued at $192,827,000 after buying an additional 1,726,868 shares during the period. Finally, Ghisallo Capital Management LLC bought a new position in American Electric Power during the first quarter worth about $153,524,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AEP shares. UBS Group upped their price target on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a research note on Thursday, July 31st. 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 research note on Wednesday, September 10th. Barclays lifted their price target on shares of American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Morgan Stanley lowered their price objective on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Jefferies Financial Group dropped their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Electric Power currently has an average rating of “Hold” and a consensus price target of $114.10.

Insider Buying and Selling

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 transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 completion of the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Up 1.4%

Shares of AEP stock opened at $115.66 on Tuesday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.84. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average of $111.02 and a 200-day moving average of $106.78. The company has a market capitalization of $61.85 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 3.02 and a beta of 0.48.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

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.