Bartlett & CO. Wealth Management LLC Buys 150 Shares of American Electric Power Company, Inc. $AEP

Bartlett & CO. Wealth Management LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.9% during the second quarter, Holdings Channel.com reports. The fund owned 7,886 shares of the company’s stock after acquiring an additional 150 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in American Electric Power were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Clarius Group LLC lifted its stake in shares of American Electric Power by 2.5% during the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after acquiring an additional 95 shares during the last quarter. McIlrath & Eck LLC increased its stake in American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after purchasing an additional 99 shares during the period. Personal CFO Solutions LLC lifted its position in shares of American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after purchasing an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in shares of American Electric Power by 1.8% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock valued at $612,000 after purchasing an additional 104 shares during the period. Finally, Strategic Blueprint LLC boosted its stake in shares of American Electric Power by 0.4% during the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company’s stock valued at $2,683,000 after purchasing an additional 108 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Insider Activity at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 of the company’s stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $112.75 on Thursday. The firm has a market cap of $60.30 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.98 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. 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’s 50 day moving average is $110.69 and its 200 day moving average is $106.59.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $4.85 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s payout ratio is currently 54.39%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AEP. Scotiabank lifted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Mizuho decreased their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. 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. Barclays raised their price objective 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. Finally, Morgan Stanley lowered their target price on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $111.63.

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.