Beacon Financial Advisory LLC Increases Holdings in American Electric Power Company, Inc. $AEP

Beacon Financial Advisory LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,476 shares of the company’s stock after buying an additional 531 shares during the period. Beacon Financial Advisory LLC’s holdings in American Electric Power were worth $1,087,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Simplicity Wealth LLC raised its stake in American Electric Power by 267.8% during the 2nd quarter. Simplicity Wealth LLC now owns 7,186 shares of the company’s stock valued at $746,000 after buying an additional 5,232 shares during the last quarter. OLD National Bancorp IN purchased a new stake in American Electric Power during the 2nd quarter valued at $279,000. Capital City Trust Co. FL raised its stake in American Electric Power by 1.4% during the 2nd quarter. Capital City Trust Co. FL now owns 39,713 shares of the company’s stock valued at $4,121,000 after buying an additional 552 shares during the last quarter. Oak Hill Wealth Advisors LLC increased its stake in shares of American Electric Power by 21.8% in the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 4,224 shares of the company’s stock worth $439,000 after purchasing an additional 755 shares in the last quarter. Finally, Quent Capital LLC increased its stake in shares of American Electric Power by 8.2% in the 2nd quarter. Quent Capital LLC now owns 2,653 shares of the company’s stock worth $275,000 after purchasing an additional 202 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s 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 transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, 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 insiders.

Wall Street Analysts Forecast Growth

AEP has been the subject of several analyst reports. UBS Group upped their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Thursday, July 31st. Barclays upped their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Jefferies Financial Group reduced their price objective on 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. LADENBURG THALM/SH SH reduced their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Finally, Morgan Stanley reduced their price objective on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus target price of $111.63.

American Electric Power Stock Up 0.5%

Shares of AEP opened at $114.06 on Friday. The business’s 50 day moving average is $110.87 and its 200 day moving average is $106.70. The company has a market capitalization of $61.00 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.48. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 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 company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm’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. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share 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 issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s payout ratio is currently 54.39%.

About American Electric Power

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.