SOA Wealth Advisors LLC. Sells 186 Shares of American Electric Power Company, Inc. $AEP

SOA Wealth Advisors LLC. reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 629 shares of the company’s stock after selling 186 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in American Electric Power were worth $65,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Clarius Group LLC increased 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 worth $433,000 after acquiring an additional 95 shares in the last quarter. McIlrath & Eck LLC increased 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 worth $344,000 after acquiring an additional 99 shares in the last quarter. Personal CFO Solutions LLC increased 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 worth $368,000 after acquiring an additional 103 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased 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 worth $612,000 after acquiring an additional 104 shares in the last quarter. Finally, Strategic Blueprint LLC increased its holdings in shares of American Electric Power by 0.4% in the first quarter. Strategic Blueprint LLC now owns 24,552 shares of the company’s stock worth $2,683,000 after acquiring an additional 108 shares in 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 American Electric Power stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by insiders.

American Electric Power Trading Up 0.6%

Shares of American Electric Power stock opened at $113.46 on Friday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. The stock has a market cap of $60.68 billion, a P/E ratio of 16.59, a P/E/G ratio of 2.98 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $110.78 and its 200-day moving average is $106.64.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s 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. Equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AEP shares. Barclays increased their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Jefferies Financial Group decreased their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, September 11th. Scotiabank increased their price objective 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. Raymond James Financial reiterated an “outperform” rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, LADENBURG THALM/SH SH decreased 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. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.63.

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.