Focus Partners Advisor Solutions LLC Has $1.57 Million Position in American Electric Power Company, Inc. $AEP

Focus Partners Advisor Solutions LLC reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,157 shares of the company’s stock after selling 1,709 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in American Electric Power were worth $1,572,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

AEP has been the subject of several recent analyst reports. BTIG Research initiated coverage on shares of American Electric Power in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. Morgan Stanley upped their target price on shares of American Electric Power from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays upped their target price on shares of American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. TD Cowen initiated coverage on shares of American Electric Power in a research note on Thursday, October 16th. They issued a “buy” rating and a $133.00 target price for the company. Finally, UBS Group upped their price target on shares of American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. 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 company currently has a consensus rating of “Hold” and a consensus target price of $119.74.

American Electric Power Stock Performance

Shares of AEP opened at $115.98 on Monday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $120.46. The firm has a fifty day simple moving average of $112.31 and a 200 day simple moving average of $108.01. The stock has a market capitalization of $62.02 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.06 and a beta of 0.48. 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 (NASDAQ:AEP) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’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. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal 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 paid a $0.95 dividend. 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 yield of 3.3%. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio is 54.39%.

Insiders Place Their Bets

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the 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 $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the completion of the sale, the director owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. This represents a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,006 shares of company stock valued at $1,243,522. Corporate insiders own 0.07% of the company’s stock.

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.