J.W. Cole Advisors Inc. Increases Holdings in American Electric Power Company, Inc. $AEP

J.W. Cole Advisors Inc. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,639 shares of the company’s stock after acquiring an additional 5,083 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in American Electric Power were worth $4,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Advantage Trust Co grew its position in American Electric Power by 57.1% during the 2nd 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 last quarter. Montag A & Associates Inc. raised its holdings in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after buying an additional 176 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new stake in shares of American Electric Power during the second quarter valued at approximately $31,000. Finally, GoalVest Advisory LLC increased its position in shares of American Electric Power by 277.1% during the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after acquiring an additional 230 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 0.9%

AEP stock opened at $122.72 on Thursday. The company has a market cap of $65.54 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 3.22 and a beta of 0.52. 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 moving average is $117.22 and its two-hundred day moving average is $110.35. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $124.80.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, analysts forecast 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 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 a boost from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s payout ratio is 55.39%.

Insider Buying and Selling at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on 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 directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s 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 sale, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,006 shares of company stock worth $1,851,422 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AEP shares. Mizuho upped their price objective on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. UBS Group upped their price target on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. Scotiabank lifted their price objective on American Electric Power from $114.00 to $121.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH raised their price target on shares of American Electric Power from $108.50 to $124.50 and gave the company a “neutral” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.