Exencial Wealth Advisors LLC Cuts Holdings in American Electric Power Company, Inc. $AEP

Exencial Wealth Advisors LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,227 shares of the company’s stock after selling 1,778 shares during the period. Exencial Wealth Advisors LLC’s holdings in American Electric Power were worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Eagle Strategies LLC lifted its stake in shares of American Electric Power by 1.7% during the second 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 period. McIlrath & Eck LLC lifted its position in American Electric Power by 3.2% during the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock valued at $344,000 after purchasing an additional 99 shares during the period. Advantage Trust Co lifted its position in 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 purchasing an additional 100 shares during the period. Personal CFO Solutions LLC lifted its position in American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock valued at $368,000 after purchasing an additional 103 shares during the period. Finally, McGlone Suttner Wealth Management Inc. lifted its position in 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. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the sale, the director owned 40,898 shares of the company’s stock, 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 over the last three months. 0.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. TD Cowen assumed coverage on shares of American Electric Power in a research note on Thursday, October 16th. They set a “buy” rating and a $133.00 target price for the company. LADENBURG THALM/SH SH cut their target price on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Jefferies Financial Group upped their price objective on shares of American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $119.74.

American Electric Power Trading Down 0.1%

NASDAQ AEP opened at $117.27 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The firm’s fifty day moving average price is $112.17 and its 200 day moving average price is $107.72. The company has a market capitalization of $62.71 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $120.46.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is 54.39%.

About American Electric Power

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.