American Electric Power Company, Inc. $AEP Shares Bought by Ignite Planners LLC

Ignite Planners LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.7% during the 2nd quarter, Holdings Channel reports. The firm owned 4,079 shares of the company’s stock after buying an additional 109 shares during the quarter. Ignite Planners LLC’s holdings in American Electric Power were worth $438,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $25,000. Bayforest Capital Ltd acquired a new stake in American Electric Power in the first quarter valued at approximately $31,000. Missouri Trust & Investment Co acquired a new stake in American Electric Power in the second quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power in the first quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in American Electric Power in the first quarter valued at approximately $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value 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 represents a 10.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $118.19 on Thursday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $119.06. The company has a market cap of $63.21 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 3.12 and a beta of 0.48. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The business’s 50 day moving average price is $111.30 and its 200 day moving average price is $106.94.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business 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. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Analyst Upgrades and Downgrades

Several analysts have commented on AEP shares. Morgan Stanley dropped their price objective on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Evercore ISI initiated coverage on American Electric Power in a research note on Monday. They issued an “outperform” rating and a $133.00 price target on the stock. Jefferies Financial Group lowered their price target 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, Barclays lifted their price target on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.10.

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.