Crews Bank & Trust Acquires 347 Shares of American Electric Power Company, Inc. $AEP

Crews Bank & Trust grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 42.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,160 shares of the company’s stock after purchasing an additional 347 shares during the period. Crews Bank & Trust’s holdings in American Electric Power were worth $120,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AEP. Nuveen LLC purchased a new position in shares of American Electric Power during the first quarter valued at about $568,042,000. GQG Partners LLC grew its position in shares of American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP grew its position in shares of American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. Bessemer Group Inc. grew its position in shares of American Electric Power by 4,567.3% during the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock valued at $192,827,000 after purchasing an additional 1,726,868 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of American Electric Power during the first quarter valued at about $153,524,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were 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 of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s 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 completion of the sale, the director directly 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. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $114.06 on Friday. The stock has a market capitalization of $61.00 billion, a PE ratio of 16.68, a P/E/G ratio of 3.00 and a beta of 0.48. The firm has a 50 day moving average of $110.87 and a two-hundred day moving average of $106.70. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the business earned $1.25 EPS. American Electric Power’s revenue for the quarter 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, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal 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 given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio is presently 54.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. LADENBURG THALM/SH SH dropped their price target 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. Mizuho cut their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. UBS Group raised their price target on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Saturday, September 27th. Finally, Morgan Stanley dropped their price objective on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $111.63.

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.