RD Lewis Holdings Inc. Purchases 747 Shares of American Electric Power Company, Inc. $AEP

RD Lewis Holdings Inc. boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,173 shares of the company’s stock after buying an additional 747 shares during the quarter. American Electric Power makes up approximately 2.2% of RD Lewis Holdings Inc.’s portfolio, making the stock its 14th biggest position. RD Lewis Holdings Inc.’s holdings in American Electric Power were worth $2,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AEP. Advantage Trust Co lifted its holdings in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Montag A & Associates Inc. grew its holdings in shares of American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Bayforest Capital Ltd purchased a new position in American Electric Power in the 1st quarter worth $31,000. Missouri Trust & Investment Co bought a new stake in American Electric Power in the second quarter worth $31,000. Finally, GoalVest Advisory LLC lifted its stake in American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after purchasing an additional 230 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $121.58, for a total value of $607,900.00. Following the completion of the sale, the director directly owned 30,898 shares of the company’s stock, valued at approximately $3,756,578.84. This trade represents a 13.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,006 shares of company stock valued at $1,851,422. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Citigroup lifted their price target on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Cowen assumed coverage on American Electric Power in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

American Electric Power Trading Down 0.0%

AEP opened at $120.84 on Friday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The business has a 50 day simple moving average of $116.36 and a two-hundred day simple moving average of $109.99. The firm has a market capitalization of $64.54 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.American Electric Power’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $0.95 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 55.39%.

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.