Ameritas Advisory Services LLC Has $968,000 Stock Holdings in American Electric Power Company, Inc. $AEP

Ameritas Advisory Services LLC cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,326 shares of the company’s stock after selling 2,499 shares during the quarter. Ameritas Advisory Services LLC’s holdings in American Electric Power were worth $968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its stake in shares of American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after buying an additional 430 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of American Electric Power in the first quarter valued at $262,000. Venture Visionary Partners LLC increased its stake 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 valued at $7,080,000 after buying an additional 4,616 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of American Electric Power in the first quarter valued at $205,000. Finally, GAMMA Investing LLC increased its stake in shares of American Electric Power by 24.5% in the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after buying an additional 3,867 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power 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 transaction, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power 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 transaction, the director owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

American Electric Power Price Performance

Shares of AEP opened at $114.06 on Friday. 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 1 year low of $89.91 and a 1 year high of $115.36. The stock has a market cap of $61.00 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.48. The stock’s 50-day moving average price is $110.87 and its two-hundred day moving average price is $106.70.

American Electric Power (NASDAQ:AEPGet Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the business earned $1.25 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. 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 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is 54.39%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research reports. LADENBURG THALM/SH SH lowered their price objective on 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. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Saturday, September 27th. Morgan Stanley lowered their price objective on 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. Jefferies Financial Group lowered their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Finally, UBS Group lifted their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research report on Thursday, July 31st. Six 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.63.

Check Out Our Latest Research Report on American Electric Power

About American Electric Power

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEPFree Report).

Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.