American Electric Power Company, Inc. $AEP Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 40.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,248 shares of the company’s stock after purchasing an additional 1,810 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in American Electric Power were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AEP. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at about $25,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the 1st quarter valued at about $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power in the 2nd quarter valued at about $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at about $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AEP shares. UBS Group lifted their price target on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday. LADENBURG THALM/SH SH cut their price target on 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. Scotiabank lifted their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday. Finally, Morgan Stanley cut their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus target price of $114.50.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% 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 insiders.

American Electric Power Price Performance

NASDAQ:AEP opened at $117.04 on Friday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $119.06. The stock has a 50 day moving average of $111.44 and a two-hundred day moving average of $107.13. 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 firm has a market cap of $62.59 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the business earned $1.25 EPS. 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, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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