RFG Advisory LLC Sells 1,108 Shares of American Electric Power Company, Inc. $AEP

RFG Advisory LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 26.2% during the second quarter, HoldingsChannel reports. The fund owned 3,118 shares of the company’s stock after selling 1,108 shares during the quarter. RFG Advisory LLC’s holdings in American Electric Power were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AEP. EQ Wealth Advisors LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at $25,000. Bayforest Capital Ltd bought a new stake in shares of American Electric Power in the 1st quarter valued at $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power in the 2nd quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power in the 1st quarter valued at $33,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of American Electric Power in the 1st quarter valued at $35,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEP. The Goldman Sachs Group upped their price objective on shares of American Electric Power from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI began coverage on shares of American Electric Power in a research report on Monday, October 6th. They set an “outperform” rating and a $133.00 target price on the stock. BMO Capital Markets boosted their target price on shares of American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Cowen began coverage on shares of American Electric Power in a research report on Thursday. They set a “buy” rating and a $133.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $119.26.

American Electric Power Price Performance

American Electric Power stock opened at $117.53 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm’s fifty day moving average is $111.86 and its 200 day moving average is $107.51. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $120.46. The company has a market capitalization of $62.85 billion, a PE ratio of 17.18, a PEG ratio of 3.10 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share 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 firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The business’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. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio is presently 54.39%.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 completion of the sale, the director owned 40,898 shares in the company, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,006 shares of company stock worth $1,243,522. Corporate insiders own 0.07% of the company’s stock.

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.