Quent Capital LLC Raises Stock Holdings in American Electric Power Company, Inc. $AEP

Quent Capital LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,653 shares of the company’s stock after buying an additional 202 shares during the quarter. Quent Capital LLC’s holdings in American Electric Power were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power during the first quarter worth approximately $25,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power during the first quarter worth approximately $28,000. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power during the first quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new stake in shares of American Electric Power during the second quarter worth approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of American Electric Power during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 0.5%

American Electric Power stock opened at $114.06 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market capitalization of $61.00 billion, a price-to-earnings 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 fifty-two week low of $89.91 and a fifty-two week high of $115.36. The stock’s fifty day moving average is $110.87 and its two-hundred day moving average is $106.70.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates 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 company earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio is 54.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AEP shares. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Scotiabank upped their price target on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Saturday, September 27th. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, Morgan Stanley cut their price target on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.63.

Insiders Place Their Bets

In related news, 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 transaction 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 trade represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

American Electric Power Company 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.