American Electric Power Company, Inc. $AEP Shares Bought by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 21.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,224 shares of the company’s stock after purchasing an additional 755 shares during the period. Oak Hill Wealth Advisors LLC’s holdings in American Electric Power were worth $439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power during the 1st quarter worth approximately $25,000. Bank of New Hampshire acquired a new position in American Electric Power during the 1st quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new position in American Electric Power during the 1st quarter worth approximately $31,000. Missouri Trust & Investment Co acquired a new position in American Electric Power during the 2nd quarter worth approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.5%

Shares of American Electric Power stock opened at $114.06 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The firm has a market cap of $61.00 billion, a PE ratio of 16.68, a P/E/G ratio of 3.00 and a beta of 0.48. The business’s fifty day moving average is $110.87 and its two-hundred day 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.

American Electric Power (NASDAQ:AEP) last issued its 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. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the company posted $1.25 EPS. The business’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. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

Analyst Ratings Changes

AEP has been the topic of a number of research reports. UBS Group upped their price target on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Saturday, September 27th. Barclays upped their price target on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Finally, Morgan Stanley lowered their price target 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. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.63.

Insider Activity

In other news, 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 completion of the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $543,250.00. Following the sale, the director owned 40,898 shares of the company’s stock, valued at $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 owned by company insiders.

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.