RWA Wealth Partners LLC Has $850,000 Stock Position in American Electric Power Company, Inc. $AEP

RWA Wealth Partners LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,196 shares of the company’s stock after purchasing an additional 799 shares during the period. RWA Wealth Partners LLC’s holdings in American Electric Power were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in American Electric Power by 2.3% in the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after buying an additional 91 shares during the period. Eagle Strategies LLC raised its position in shares of American Electric Power by 1.7% during the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after acquiring an additional 94 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of American Electric Power by 3.2% in the 1st 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 boosted its position in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Finally, Taylor Financial Group Inc. grew its stake in shares of American Electric Power by 1.9% during the second quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock worth $558,000 after purchasing an additional 100 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on 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. The trade was a 10.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,006 shares of company stock valued at $1,243,522. 0.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AEP shares. LADENBURG THALM/SH SH cut their target price on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 10th. JPMorgan Chase & Co. upped their price target on American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group lifted their price objective on shares of American Electric Power from $116.00 to $128.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Finally, Wells Fargo & Company upped their target price on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

American Electric Power Stock Up 1.6%

Shares of AEP stock opened at $121.43 on Monday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $122.85. 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 has a fifty day moving average of $113.74 and a 200-day moving average of $108.99. The company has a market capitalization of $64.86 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.95 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 10th. American Electric Power’s payout ratio is currently 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.