Stack Financial Management Inc Has $30.23 Million Position in American Electric Power Company, Inc. $AEP

Stack Financial Management Inc lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,369 shares of the company’s stock after selling 4,623 shares during the quarter. American Electric Power accounts for approximately 2.7% of Stack Financial Management Inc’s investment portfolio, making the stock its 11th largest position. Stack Financial Management Inc owned approximately 0.05% of American Electric Power worth $30,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Strategies LLC boosted its holdings 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 worth $572,000 after buying an additional 94 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of American Electric Power by 2.5% during the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after buying an additional 95 shares in the last quarter. McIlrath & Eck LLC lifted its holdings 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 worth $344,000 after purchasing an additional 99 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of American Electric Power by 3.2% in the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after purchasing an additional 103 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its holdings in shares of American Electric Power by 1.8% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEP. Mizuho cut their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Scotiabank increased their target price on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Evercore ISI began coverage on American Electric Power in a report on Monday, October 6th. They issued an “outperform” rating and a $133.00 target price on the stock. Finally, Morgan Stanley cut their target price on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.50.

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction 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 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 value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.1%

NASDAQ AEP opened at $117.04 on Monday. The firm has a market capitalization of $62.59 billion, a P/E ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.48. The business has a fifty day simple moving average of $111.44 and a 200 day simple moving average of $107.16. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $119.06. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.American Electric Power’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

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.