McElhenny Sheffield Capital Management LLC Makes New Investment in American Electric Power Company, Inc. $AEP

McElhenny Sheffield Capital Management LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,062 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors also recently bought and sold shares of the company. Eagle Strategies LLC boosted its holdings in shares of American Electric Power by 1.7% in the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after acquiring an additional 94 shares during the period. Clarius Group LLC boosted its holdings in shares of American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock valued at $433,000 after acquiring an additional 95 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock valued at $344,000 after acquiring an additional 99 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of American Electric Power by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock valued at $368,000 after acquiring an additional 103 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in shares of 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 valued at $612,000 after acquiring an additional 104 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the subject of several research analyst reports. Mizuho decreased 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. Barclays increased their price objective on American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Morgan Stanley decreased their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Scotiabank increased their price target on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.10.

American Electric Power Trading Down 1.1%

NASDAQ:AEP opened at $116.91 on Friday. The stock has a fifty day moving average price of $111.37 and a two-hundred day moving average price of $107.03. The stock has a market capitalization of $62.52 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.12 and a beta of 0.48. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $119.06.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.American Electric Power’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 3.2%. American Electric Power’s dividend payout ratio is presently 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.