Community Bank N.A. Acquires 670 Shares of American Electric Power Company, Inc. $AEP

Community Bank N.A. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 39,405 shares of the company’s stock after purchasing an additional 670 shares during the period. Community Bank N.A.’s holdings in American Electric Power were worth $4,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NorthRock Partners LLC lifted its holdings in American Electric Power by 4.6% during the second quarter. NorthRock Partners LLC now owns 5,486 shares of the company’s stock worth $569,000 after acquiring an additional 242 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in American Electric Power by 0.7% during the second quarter. Verdence Capital Advisors LLC now owns 15,973 shares of the company’s stock worth $1,657,000 after acquiring an additional 114 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in American Electric Power by 0.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 33,652 shares of the company’s stock worth $3,492,000 after acquiring an additional 230 shares in the last quarter. Concord Asset Management LLC VA bought a new position in American Electric Power during the second quarter worth about $333,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in American Electric Power by 9.9% during the second quarter. Sequoia Financial Advisors LLC now owns 101,932 shares of the company’s stock worth $10,577,000 after acquiring an additional 9,185 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEP. Evercore ISI began coverage on American Electric Power in a report on Monday, October 6th. They set an “outperform” rating and a $133.00 target price on the stock. Raymond James Financial restated an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Mizuho cut their price target on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Scotiabank boosted their price target on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group cut their price target on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $114.50.

American Electric Power Stock Performance

AEP opened at $116.80 on Tuesday. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $119.06. The firm has a market capitalization of $62.46 billion, a PE ratio of 17.08, a PEG ratio of 3.09 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 simple moving average is $111.48 and its 200 day simple moving average is $107.23.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) 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 quarter in the prior year, the company posted $1.25 earnings per share. American Electric Power’s 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. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio is presently 54.39%.

Insider Activity

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the company’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 in the company, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was 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 in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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.