Cetera Investment Advisers Increases Stock Position in American Electric Power Company, Inc. $AEP

Cetera Investment Advisers increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,247 shares of the company’s stock after purchasing an additional 4,353 shares during the period. Cetera Investment Advisers’ holdings in American Electric Power were worth $22,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its position in American Electric Power by 2.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock worth $419,000 after purchasing an additional 91 shares during the period. Eagle Strategies LLC boosted its stake in shares of American Electric Power by 1.7% in the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after buying an additional 94 shares during the last quarter. McIlrath & Eck LLC boosted its stake in shares of American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after buying an additional 99 shares during the last quarter. Advantage Trust Co grew its holdings in shares of American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Finally, Taylor Financial Group Inc. increased its position in American Electric Power by 1.9% during the second quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock valued at $558,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP opened at $123.51 on Wednesday. The business has a 50-day simple moving average of $115.62 and a two-hundred day simple moving average of $109.73. 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 Company, Inc. has a 52 week low of $89.91 and a 52 week high of $124.80. The stock has a market cap of $65.97 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a $0.95 dividend. The ex-dividend date is Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 55.39%.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $121.58, for a total value of $607,900.00. Following the completion of the sale, the director owned 30,898 shares in the company, valued at approximately $3,756,578.84. This represents a 13.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 16,006 shares of company stock valued at $1,851,422. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of several research reports. Cowen started coverage on American Electric Power in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. UBS Group increased their price objective on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Scotiabank upped their target price on shares of American Electric Power from $114.00 to $121.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group increased their price target on shares of American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $125.03.

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.