D.A. Davidson & CO. Purchases 2,161 Shares of American Electric Power Company, Inc. $AEP

D.A. Davidson & CO. increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,934 shares of the company’s stock after purchasing an additional 2,161 shares during the quarter. D.A. Davidson & CO.’s holdings in American Electric Power were worth $4,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Advantage Trust Co lifted its holdings in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Bayforest Capital Ltd bought a new position in shares of American Electric Power during the first quarter valued at $31,000. Missouri Trust & Investment Co bought a new position in shares of American Electric Power during the second quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power during the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. bought a new position in shares of American Electric Power during the first quarter valued at $35,000. 75.24% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power 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 transaction, the director owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,006 shares of company stock worth $1,243,522 in the last quarter. 0.07% of the stock is currently owned by company insiders.

American Electric Power Price Performance

Shares of AEP opened at $115.98 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $120.46. The stock has a market cap of $62.02 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.48. The stock’s 50-day moving average price is $112.31 and its two-hundred day moving average price is $107.92.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (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 analysts’ expectations of $4.85 billion. During the same quarter last year, the business earned $1.25 earnings per share. The company’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, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of analyst reports. Evercore ISI initiated coverage on American Electric Power in a report on Monday, October 6th. They set an “outperform” rating and a $133.00 price objective for the company. The Goldman Sachs Group lifted their price objective on American Electric Power from $125.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Raymond James Financial reissued an “outperform” rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Morgan Stanley raised their target price on American Electric Power from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BTIG Research started coverage on American Electric Power in a research note on Tuesday. They issued a “neutral” rating for the company. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average target price of $119.74.

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.