Shelton Capital Management Has $6.56 Million Position in American Electric Power Company, Inc. $AEP

Shelton Capital Management decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,251 shares of the company’s stock after selling 1,561 shares during the period. Shelton Capital Management’s holdings in American Electric Power were worth $6,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Venture Visionary Partners LLC lifted its holdings in shares of American Electric Power by 7.3% in the second quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after acquiring an additional 4,616 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in American Electric Power during the 2nd quarter worth approximately $7,722,000. Bryn Mawr Trust Advisors LLC acquired a new position in American Electric Power during the 2nd quarter worth approximately $258,000. Huntington National Bank lifted its stake in American Electric Power by 5.0% in the 2nd quarter. Huntington National Bank now owns 1,106,134 shares of the company’s stock valued at $114,772,000 after purchasing an additional 52,287 shares during the last quarter. Finally, TrueMark Investments LLC boosted its position in American Electric Power by 8.6% in the second quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock valued at $5,289,000 after buying an additional 4,028 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on AEP. Mizuho increased their price target on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. BTIG Research initiated coverage on American Electric Power in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Wells Fargo & Company lifted their price target on American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Jefferies Financial Group raised American Electric Power from a “hold” rating to a “buy” rating and upped their price objective for the company from $128.00 to $137.00 in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Insiders Place Their Bets

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $121.58, for a total value of $607,900.00. Following the completion of the transaction, the director directly owned 30,898 shares of the company’s stock, valued at approximately $3,756,578.84. This trade represents a 13.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,006 shares of company stock worth $1,851,422 in the last ninety days. Insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $120.51 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $124.80. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The company has a market capitalization of $64.36 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The business has a 50-day moving average of $118.13 and a 200-day moving average of $110.88.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate 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 company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.95 dividend. The ex-dividend date is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is presently 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.