American Electric Power Company, Inc. $AEP Shares Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the second quarter, HoldingsChannel reports. The firm owned 4,620 shares of the company’s stock after purchasing an additional 110 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in American Electric Power were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power during the 1st quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in American Electric Power during the 1st quarter valued at approximately $28,000. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power in the second quarter worth $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the first quarter worth $33,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Thursday, July 31st. Raymond James Financial restated an “outperform” rating and set a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Jefferies Financial Group dropped their price target on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, September 11th. LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Finally, Mizuho dropped their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $111.63.

American Electric Power Stock Performance

AEP opened at $114.06 on Friday. The firm’s fifty day simple moving average is $110.87 and its two-hundred day simple moving average is $106.70. 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 company has a market cap of $61.00 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 3.02 and a beta of 0.48. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $115.36.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts anticipate 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 given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

American Electric Power 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.