American Electric Power Company, Inc. $AEP Shares Sold by IFS Advisors LLC

IFS Advisors LLC lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 571 shares of the company’s stock after selling 300 shares during the quarter. IFS Advisors LLC’s holdings in American Electric Power were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Clarius Group LLC lifted its stake in American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after acquiring an additional 95 shares during the last quarter. McIlrath & Eck LLC lifted its stake in American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after acquiring an additional 99 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in American Electric Power by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after acquiring an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in American Electric Power by 1.8% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after acquiring an additional 104 shares during the last quarter. Finally, Strategic Blueprint LLC lifted its stake in American Electric Power by 0.4% in the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company’s stock worth $2,683,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction 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. This represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction on 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 trade represents a 15.06% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, September 11th. Scotiabank lifted their price target on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. LADENBURG THALM/SH SH reduced their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Morgan Stanley reduced their price objective on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $111.63.

American Electric Power Stock Up 0.5%

Shares of NASDAQ:AEP opened at $114.06 on Friday. The company has a market capitalization of $61.00 billion, a PE ratio of 16.68, a P/E/G ratio of 3.02 and a beta of 0.48. 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 Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The firm has a 50 day simple moving average of $110.87 and a 200-day simple moving average of $106.70.

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 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. American Electric Power’s revenue for the quarter 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. On average, equities 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio is 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.