Gables Capital Management Inc. Trims Position in American Electric Power Company, Inc. $AEP

Gables Capital Management Inc. lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,193 shares of the company’s stock after selling 500 shares during the quarter. Gables Capital Management Inc.’s holdings in American Electric Power were worth $435,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its stake in shares of American Electric Power by 1.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 243,980 shares of the company’s stock worth $25,315,000 after purchasing an additional 4,242 shares during the period. Advantage Trust Co lifted its stake in shares of American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of American Electric Power by 1.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 31,482 shares of the company’s stock worth $3,266,000 after buying an additional 481 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of American Electric Power by 7.1% during the 2nd quarter. Whittier Trust Co. now owns 91,373 shares of the company’s stock worth $9,481,000 after buying an additional 6,054 shares during the last quarter. Finally, Probity Advisors Inc. increased its holdings in shares of American Electric Power by 1.2% during the 2nd quarter. Probity Advisors Inc. now owns 14,252 shares of the company’s stock worth $1,479,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.3%

Shares of NASDAQ AEP opened at $117.43 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $120.46. The company has a market cap of $62.80 billion, a P/E ratio of 17.17, a P/E/G ratio of 3.11 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. The stock has a fifty day moving average price of $112.08 and a 200 day moving average price of $107.66.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm earned $1.25 EPS. The firm’s quarterly 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 anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Jefferies Financial Group upped their price objective on American Electric Power from $116.00 to $128.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Evercore ISI assumed coverage on American Electric Power in a report on Monday, October 6th. They set an “outperform” rating and a $133.00 price objective for the company. TD Cowen assumed coverage on American Electric Power in a report on Thursday, October 16th. They set a “buy” rating and a $133.00 price objective for the company. Finally, Mizuho dropped their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $119.26.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director directly owned 35,898 shares in the company, valued at approximately $4,218,732.96. This represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value 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 represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,006 shares of company stock valued at $1,243,522. 0.07% of the stock is owned by insiders.

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.