National Bank of Canada FI Decreases Stock Holdings in American Electric Power Company, Inc. $AEP

National Bank of Canada FI lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 27.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,269,576 shares of the company’s stock after selling 473,952 shares during the period. National Bank of Canada FI’s holdings in American Electric Power were worth $131,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Advantage Trust Co lifted its holdings in shares of 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 buying an additional 100 shares during the period. Montag A & Associates Inc. increased its position in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after acquiring an additional 176 shares during the last quarter. Bayforest Capital Ltd bought a new position in American Electric Power in the first quarter valued at about $31,000. Missouri Trust & Investment Co purchased a new position in American Electric Power in the second quarter worth about $31,000. Finally, GoalVest Advisory LLC grew its stake in shares of American Electric Power by 277.1% during the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after purchasing an additional 230 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday. Mizuho raised their target price on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Two investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.09.

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $121.58, for a total transaction of $607,900.00. Following the sale, the director owned 30,898 shares in the company, valued at $3,756,578.84. This trade represents a 13.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 11,006 shares of company stock worth $1,308,172. 0.07% of the stock is owned by insiders.

American Electric Power Stock Down 0.1%

Shares of AEP stock opened at $114.13 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The company’s fifty day moving average price is $119.14 and its 200-day moving average price is $111.73. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.98 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last issued 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). The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid 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 of this dividend was Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio is 55.39%.

American Electric Power Company 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.